1. Click > > , and select .

  2. Select a journal line, and then click the tab.

  3. In the field, enter the end date of the period that the report should cover. The field is automatically updated with a date one year before the end date.

  4. If you want to include work in progress (WIP) in the report, select the check box.

  5. If you want to use the normal value as the basis for the calculation, select the check box.

  6. Click to open the form where you can verify your selections, and then click OK.

Note Note

WIP is not calculated if no quantity has been received into the warehouse, even though you define in the journal that you want to calculate WIP. If, for example, a production has been started and EUR 10,000 has been posted, but nothing has been reported as finished, the WIP value is not included in the calculation of the inventory value.

Note Note

If you do not select the check box, normal value is not calculated even though the journal lines include items where you have requested either manual or automatic calculation of normal value.

Calculation of normal value and WIP

If you want to apply normal value or include work in progress (WIP) in the calculation of the inventory value, you must set up the normal value and the WIP calculation before you process your journal lines.

Set up normal value calculation

  1. Click > > > .

  2. In the form, select the field.

  3. Select one of the following options:

    • : Normal value is never calculated for this group.

    • : If the deviation percent stated in the field in is exceeded, normal value is applied. The deviation percent is the percentage that the value calculated for the period exceeds the average value of the items. You select the calculation period in the field in the form.

    • : The normal value entered in the field is applied as the value of the items for the current year and for all previous years.

Note Note

If you want to apply normal value for individual items, you can select these options on the tab in the form.

Set up WIP calculation

  1. Click > > .

  2. On the tab, select the field and enter the number of days. The number of days determines how long the production period can be before the work in progress value of a production is included as part of the inventory value.

Note Note

WIP is only included as part of the inventory value if the period between the scheduled start and the scheduled finish date of a production is longer than the Fiscal LIFO WIP period that you enter in the field.

View fiscal LIFO journal lines

Delete fiscal LIFO journal lines

See Also