Odoo Help
Odoo is the world's easiest all-in-one management software. It includes hundreds of business apps:
CRM
|
e-Commerce
|
Accounting
|
Inventory
|
PoS
|
Project management
|
MRP
|
etc.
How is the standard price for inventory calculated?
How is the standard price for inventory calculated? And does it conform to GAAP.
The standard price is not calculated - it is entered (and it is up to the users of the system to change it).
If the difference between the standard and actual price is properly pro-rated to the inventory book value and COGS, then you can be GAAP compliant. The anglo-saxon module can keep track of the difference for you, but you must manually apportion the amounts.
You are better off installing the FIFO module.
About This Community
This platform is for beginners and experts willing to share their Odoo knowledge. It's not a forum to discuss ideas, but a knowledge base of questions and their answers.
RegisterOdoo Training Center
Access to our E-learning platform and experience all Odoo Apps through learning videos, exercises and Quizz.
Test it nowQuestion tools
Stats
| Asked: 10/31/13, 6:51 PM |
| Seen: 1628 times |
| Last updated: 3/16/15, 8:10 AM |