Skip to Content
This question has been flagged
inventoryupgradevaluationFIFOCosting
3260 Views
Avatar
CHOON HUEI WEN

A little details of my current situation:

The company I'm working in
- is in the process of migrating from OpenERP v7 (community version) to Odoo v14 (community version) now. 

- is entering the new financial year starting 1st June, 2022.

- have decided to change the inventory valuation methods from a mix of Standard Costing and Average Costing to FIFO starting 1st June, 2022 (expected to go live with Odoo 14 on June 1st)

Questions:
1) Can I just change all my inventory items to FIFO Inventory valuation methods after migrating all data from OpenERP v7  to Odoo v14? What are the consequences? Will Odoo v14 auto pick up the purchase price of quantity on hand items?


2) Do I have to set my all Quantity on hand items to zero. And create the Quantity on hand items in Odoo v14 based on the purchase price? (I did some research and found that this method is suggested for SAP users)

Thanks in advance.

Avatar
Discard
Related Posts Replies Views Activity
How to create your inventory adjustment in FIFO Solved
inventory valuation quickstart FIFO
Avatar
1
Apr 21
5804
What does FIFO costing method do with the landed costs applied?? Solved
inventory landed_cost v14 FIFO Costing
Avatar
Avatar
1
Mar 24
4211
Product cost on Specific date in FIFO concept
inventory cost valuation v14 FIFO
Avatar
Avatar
1
Apr 22
2995
Inventory Valuation in Inventory in Odoo v12
inventory valuation
Avatar
Avatar
Avatar
2
Jun 24
4954
Error when doing Manual Value Revaluation
inventory valuation
Avatar
0
May 23
2940