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You can setup items with different costing methods, just depends upon your locality and the financial implications in place for doing this, if any. Not having one method means you need to verify the information you are looking at, and know what makes the BOM up, but nothing stopping you.
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We are designing a cost accounting systemfor a company that has two different segments. One is for new contracts and the other is for parts. It would make sense for the contract side to be actual cost (FIFO) and the parts side to be standard. Can I set up some item cards with the standard cost method...
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[quote user="Romeo"] i had a examined it once, and noted the following: IF in the purchase and payable setup, "exact cost reversing" is not selected, it will take the unit cost on the item card. if exact cost reversing is slelected, you will be prompted when posting the credit memo...
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i had a examined it once, and noted the following: IF in the purchase and payable setup, "exact cost reversing" is not selected, it will take the unit cost on the item card. if exact cost reversing is slelected, you will be prompted when posting the credit memo to fill "apply from entry"...
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Credit Note effect on item costing. · The client needs to know the effect of credit note on item costing. · Example: The order was raised for item “Lettuce Iceberg” @ 100 per kgs. But the rate was not finalized at the time of booking order. After receiving the material the rate get’s finalized at 105...
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The FIFO cost of the item is not known at the point of sale "unless" you are using specific costing or serial numbers, this is because there is no DIRECT link between the sale item and the inventory. At the point of sale what IS known is the average cost as this is a calculated field and therefore...
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I got a purchase item which has the costing method of FIFO with enough inventories in the system. But the Average Cost (LCY) on the item card shows as “0.00”. The Unit cost (y) is also far from the Last Direct Cost (z). But strange enough to me the Standard Cost, Last Direct Cost and the...
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I don’t see any problems at Navision side. Check if your local law allows that. For example for Portuguese law we must setup new G/L Accounts to legally do that.
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It really depends "how" you are raising the credit note, tell me this and I will tell you how is affects the costing of the item! Item, Item Charge, GL etc as the type on the credit memo.
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Take a look at http://dynamicsuser.net/blogs/nunomaia/archive/2008/02/27/do-i-need-to-use-exact-cost-reversing.aspx