When changing standard cost on a Product (and the Product has an on-hand balance), Odoo generates a automatic Journal entry. The current expense account used is the COG account. I want to change that default expense account to a manufacturing variance account, but cannot find where to make that expense default change. Any advice? Thank you.
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When you increase the cost in the Product master, your inventory is now worth more so the Journal Entry is to reflect this change.
As we explain in the documentation at https://www.odoo.com/documentation/18.0/applications/inventory_and_mrp/inventory/product_management/inventory_valuation/inventory_valuation_config.html#costing-method - "If the value in the Cost field on a product form is changed manually, Odoo generates a corresponding record in the Inventory Valuation report."
The account used is the Expense Account on the Product (or Product Category) - which is normally a Cost of Goods account.
A better way to manage changes in product cost is to change it for specific quants in Inventory via the Valuation Report in the Inventory App.
Select the Quant(s) you want to update and use Adjust Valuation from the Action Menu:
You will then have the ability to choose the counterpart account for the write-down / mark-up:
Thank you Ray, but when I click on Adjust Valuation, I get an Invalid Operation message: "You cannot revalue a product with a standard cost method".
In regards to below message, I have confirmed that the Category is set to Standard Price w/automated for the valuation. Further, I have full admin rights in Odoo. Thanks again Ray. I feel I am close to a solution here.
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