i have a product i bay it with different price and the costing method i used the average costing method . I registered Purchase with back date and system didn't calculate correct cost . it use the final cost of the product not the cost which was in the date of the purchase order . why ????
Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
- CRM
- e-Commerce
- Comptabilitat
- Inventari
- PoS
- Projectes
- MRP
This question has been flagged
1
Respondre
4366
Vistes
Hi,
In the average costing approach, the cost of a product is determined by
averaging all of its purchasing costs. The system records the many
purchase prices you pay for a product and determines the average cost
based on those prices.
However, the system cannot recalculate the
average price for that particular purchase date if you record a
transaction with a backdate. The current average cost as of the current
date can be used in its place.
Eg:
Assume you bought Product A with the following prices on different dates:
June 1, 2023: 10 units at $10 each
July 1, 2023: 20 units at $5 each
The average cost would be ((10 * $10) + (20 * $5)) / (10 + 20) = $6.66 per unit.Now,
if you retroactively buy 5 units on June 1, 2022, the average price on
July 1, 2023, would still be $6.66 per unit. The average cost for
earlier periods is not recalculated by the system using the new
backdated purchase.
consider utilizing a different
costing approach, such as the First-In-First-Out (FIFO) or standard-
method, which expressly assigns costs based on the actual purchase order
dates, if you require exact historical cost information for specific
dates.
Hope it helps
Enjoying the discussion? Don't just read, join in!
Create an account today to enjoy exclusive features and engage with our awesome community!
Registrar-se| Related Posts | Respostes | Vistes | Activitat | |
|---|---|---|---|---|
|
0
de febr. 17
|
8048 | ||
|
0
de març 19
|
4159 | ||
|
4
de març 15
|
34917 | ||
|
0
d’oct. 22
|
3787 | ||
|
1
d’abr. 22
|
2814 |
