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purchase_orderreceiveCost
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Chrisy

We are using odoo 14 enterprise verison.


We've just realised this issue, not sure if this is how odoo meant to be?


For example, a PS5 has a cost price of $500, that's the price set on the cost price and purchase line in the product setting (product template page)


But, for a large shipment we were able to get at $450 per unit, so we've updated our purchase order, but the cost price on our product setting page is still $500 as a standard.

When we received the shipment at $450 each, the product setting page automatically got updated to $500 by odoo.


We don't want it to update the cost price on the product setting page, as this was a special shipment, usually it would still cost $500 per unit.


Is this a common issue?

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Lars Aam
Best Answer

This is a matter of wht principle used for product cost. With setting Standard cost the deviation between the cost on the product and the purchase price will be posted to a price different account, and be reported to P&L (Profit & Loss) on goods receipt.  Stock will still be valuated on the balnce sheet at the standard price set on the product. 

The recommendation is to use AVCO or FIFO costing. Then the stock will be evaluated to actual purchase price, and for the P&L it will be reported as COGS (Cost of goods sold). It will be more correct for Gross Marging report. 

Another disadvantage with Standard cost is that the cost is not fixed forever. Over time, prices will change. Businesses that use Standard cost a principle must regulary modify the cost.  Usually an activity at year end closing.

In V14 the product cost is posted from goods receipt at the price on the purchase order.  In V16 they made an improvement that the product cost will be adjusted if the price is different on the vendor bill.

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Jaideep
Best Answer

If you don't wish to automatically update cost, then ensure to have the Costing Method set to 'Standard Price'

The costing method can be set on Product categories

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