Cost went to variance

I think I know the answer to this but I am looking for a solution. We have a big job go to variance because it was not received into stock, just closed. We now have $50k that I need to go with the part so we can bill it.

If I open up this job being we just closed the month, all the cost will show zero because it is in variance. I can’t do a cost adjust to the job because that will double cost. How can I fix this?

Since, the month is closed and posting for the month done, there is not much you can do. You will have to do a cost adjustment on the part.

Reopen the job and then receive it into stock and then do a cost adjustment on the part.

Issues like this are always a pain to fix.

Vinay Kamboj

I figured, I was just hoping someone may have found a trick! Lol