Ok, it is calculating average cost, I verified. Its just that if I enter a PO and receive those products in:
Purchasing > Receive Products > Receive Products ... it doesnt update the unit cost. It only updates the qty.
if I receive those new products via:
Warehouse > Products Moves > Receive Products ... it doesnt update the unit cost. It only updates the qty.
It only works if I receive those products via:
Purchasing > Receive Products > Incoming Shipments
#1 Why is that?
As for the prices, I learned how to make a Sales Pricelist and configured the price rule as based on Cost Price for Price Computation and I made it 20% markup. It seems to work because whenever a client to which that Pricelist is assigned, gets quoted for a product, the sales price shows up as 20% over cost. Is this the right way to handle this?
This is what I wanted but I have a usability question:
#2 This means I have to go and reset the sales pricelists for all the customers I have already set up? Or should I update the PublicPricelist for this computation method? And if I should update the PublicPricelist, will that change the invoices that I have already created in the past which didnt use that 20% markup over cost rule?
It is, but you need to carefuly setup the process in order for it to happen..
1. Costing method : Average price,
2. Invenotry valuation : Realtime (automated
3. you need to define suppliers and suppliers prices,
base your purchase price calculation on Prices from supplier form
Configuration > Purchase
1. Use 'Real Price' or 'Average' costing methods.
2. Manage different pricelists
#not neccesary but also can make a difference
Enable landed cost calculation, because it also modifies purchase price -> avergae price
All this combined... and it will give you average price.. .
It works ok for one warehouse, and it is a great iomproovment compared to v7, but still faar from perfect inventory valuation,
Because you can't have different valuation for same product on different warehouses, ( average price may vary fro Wh to Wh dependinh on landed cost - transport between WH and WH locations.. )
Hope this helps..
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|Asked: 11/28/14, 12:50 PM|
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|Last updated: 5/9/16, 4:16 PM|