Problem: We've entered Inventory Write Off documents but do not want them to reflect expense account and want to move to balance sheet.
Solution: The reversal of Inventory Write off can be sone using Other Expense document.
| Inventory Write Off BS0221-00000001 dated 15/08/2021 12:30:59 | 20,891.90AED |
For the above Inventory Write off should be transferred from Other Operating Expense to Goods.
Type - Reversal, Date - end of the year
Expense Account Cr - Other Operating Expense, GL Account Dr - BS Other Inventories
In Account Dr Dimension create dummy item:
Put the item and Warehouse in Dr Dimension, put the Amount and post the document:
Execute Month end closing (for the month when Other Expense is entered):
