If I set the effective date on an Inventory Cost R...
# accounting
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If I set the effective date on an Inventory Cost Revaluation to a date prior to a transaction date, shouldn't the existing transaction then reflect that new cost? I swear this used to be the behavior..... Example: I have a large inventory adjustment dated 1/3/2021. I did a inventory cost reval effective 1/1/2021 and wrote down the values to 0. The GL impact on that Inventory Adjustment transaction has not changed though. I know it can take some time, but I did the reval yesterday.