Import inventory balances to the general ledger
The inventory balance in the Stock Value (SVR) application is recalculated every night so it is updated in accordance with the logistic system. When inventory balances are imported to the general ledger, the values will be posted as assets in the Balance sheet and cost of goods in the Profit and loss account.
Two ways to import the inventory balance to the general ledger
Automatic - On a scheduled basis, the inventory balance is imported to the General ledger by nightly batch jobs. Valid options for automatic import to the General ledger are daily (D) and monthly (M). The schedule is defined in the setting GL Import Inventory Schedule.
Manual - It is also possible to initiate import of the inventory balance manually. This is often done through the accounting period closure procedure. If you do not import the inventory balance on a daily basis, the General ledger will not be updated with correct cost of goods. If you are going to create a correct profit and loss report, make sure to import the inventory balances.