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Standard cost update

The standrd cost of an inventory item only updates when you receive it through the Inventory module. When we receive the material through PO/AP there is no change in the standard cost unless we update it manually. This would need additional time for the AP clerk otherwise we don't have accurate information.

  • Ruxandra Sulas
  • May 1 2023
  • Already exists
Company Dilfo Mechanical Ltd
Job Title / Role Controller
I need it... Yesterday...Come on already
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  • Admin
    Geoffrey Falk commented
    June 29, 2023 16:22

    There are a couple of options on the PO Install screen that may help you here.

    On the Properties tab, there are two questions that ask to update standard cost for non-job and job items that come in via PO's. The options are:

    • No - never change standard cost based on PO receiving.

    • Yes - always change the standard cost based on the latest PO receiving.

    • Only if lower - lower the standard cost when the amount in PO receiving was lower than what was already stored.


    There is a similar prompt in the Inventory Install screen that asks the same thing.


    Perhaps you can test out setting the prompts differently to see if that works for you.


    Geoff



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