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From the Maximo Support Desk - Charging Cost and Currency Variances to Storeroom Inventory

Technical Blog Post


Abstract

From the Maximo Support Desk - Charging Cost and Currency Variances to Storeroom Inventory

Body

You will continue to find these lesser known features in Maximo!

 

There's a way to attribute cost and/or currency variances to a Storeroom...

There is a flag that can be set to capture cost and currency variance which will attribute these amounts to the variance accounts for the Storeroom.  To set this option:
1.  Go To Administration | Organizations.
2.  Open the record for the Organization.
3.  Select Action | Inventory Options | Inventory Defaults.
      Note: There is a check-box labeled "Update cost/currency variances on inventory costs?".

With this option enabled, Maximo will write the cost and currency differences from the INVOICETRANS table to the variance accounts for the storeroom affected. If the check box is cleared, Maximo does not write any cost and currency variance amounts to the variance accounts for the storeroom.

Additional Notes:
-Cost differences are updated for items that are not capitalized.
-Tax differences for the inventory cost are updated when there are differences between the invoice tax values and the tax values on the corresponding matched receipt lines for the invoice lines against the storeroom.

If you want to share this information with your Users, or a colleague, send them the link to this published IBM knowledge base article for their reference:

http://www-01.ibm.com/support/docview.wss?uid=swg21661818

 


Tom Richardson is an IBM Maximo Support Engineer and frequent contributor to the Asset Management Blog community.  For a complete index of links to his articles, visit
Index of articles by Tom Richardson, Support Engineer

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ibm11111827