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Hello,
I'm using Odoo 17 Community and I would like to change the stock valuation method from Standard Price to FIFO.
Before proceeding, I would like to understand the potential impact of this change on inventory and accounting.
Could you please advise on the correct approach to make this change without affecting other modules or causing inconsistencies?
Thank you.
Hi,
Please refer to the following links:
1. https://www.cybrosys.com/blog/costing-methods-in-odoo
3. https://www.cybrosys.com/blog/what-are-the-different-types-of-costing-methods-in-odoo-16
Videos:
1. https://www.youtube.com/watch?v=jmRXo9eDJUk
2. https://www.youtube.com/watch?v=Cqumsgk7ihw
3. https://www.youtube.com/watch?v=ODX7seksgVE
Hope it helps.
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Hello there,
- Standard Price → Consider only the Sales price of the product.
- FIFO and AVCO → Consider the Cost price [ cost from Purchase/Manufacturing]
To understand the Costing method better: https://www.odoo.com/documentation/18.0/applications/inventory_and_mrp/inventory/product_management/inventory_valuation/inventory_valuation_config.html#costing-method