As default PVV is set to an Asset account. However; we dont really use PVV as our standard price standard and actual cost vary significantly. This also gives me an incorrect balance sheet with PVV account running into negative millions.
I read on another forum thread that one way to solve this is to map the PVV to COGS.
But I cant change the account type - from asset to expense. What shall I do?
Is the only option to de-activate the current PVV and set up a new account?
If I do that, what would be the implications?