Thanks for your links. I read them and they explain indeed how to use the difference account. I also saw the video there and I’d say I’m using the difference account as explained there (although in the manufacturing context) but somehow then I don’t see any value in the account.
Every time I manufacture a BOM I have an operation which is the labor (in minutes, valued in €). I would like to:
keep an account of the amount of labor (in €) spent in all these operations
have that same amount appear as stock valuation since it’s value added to the finished goods (being now part of their costs)
Hi @shraddha, I read again the link you provided and I think I found something.
At some point it says “make sure you have enabled Perpetual Inventory by checking Stock Settings page.”
I have tried to do this and now I can see the stock valuations reflected in the accounts. This is probably what I want.
Still I am intrigued. Because now, when I manufacture, even though I set account “Salary” in the differences account, the difference amount was posted in the account “Expenses Included In Valuation”.
So I still don’t understand why that field isn’t taken into account.