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LIFO costing method in Openerp [Closed]

on 7/20/13, 11:18 PM 7,641 views

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Ray Carnes
on 11/01/2013 01:34:42

Hello Friends, One of our client needs LIFO costing method. Can you please let me know if this feature is available in OpenERP or if it's easy to implement


Ray Carnes

--Ray Carnes--
| 9 7 9
Keyport, United States
--Ray Carnes--

Senior ERP Analyst

OpenERP 6.1, 7.0; Odoo 8.0, 9.0, 10.0 and 11.0.

Completed Odoo Functional and Technical Training.

Functional Areas:

  • CRM/Sales

  • Inventory

  • Manufacturing

  • Accounting

  • Purchasing

Major Skills:

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  • Efficiency Consulting

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  • Functional and Technical Design;

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  • Requirements Specifications;

  • Agile Implementation;

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  • Integration - Odoo and non Odoo Applications and Services;

  • Training and Knowledge Transfer;

  • Go Live Support;

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  • Accounting Expert.

I have over 20 years of experience empowering and enabling users with enterprise information systems that make a real and measurable difference in their ability to proactively manage their businesses and organizations. 

I am a skilled Communicator and I only take the serious things seriously!

Ray Carnes
On 7/21/13, 1:09 AM

It is almost in version 7.0!

The functionality has been developed by OpenERP and simply extends the existing cost methods to include LIFO and FIFO.

Currently it is available in a separate branch at https://code.launchpad.net/~openerp-dev/openobject-addons/7.0-lifo-fifo-qdp

1) From Settings --> Purchases, check Compute product cost based average/FIFO/LIFO cost

image description

2) Then, on each product, configure the costing method

image description

Hi, Ray. I'll want to try the addon. Can't find any download links.

odimegwu david
on 7/22/13, 2:40 AM

I currently have average costing on my system.

odimegwu david
on 7/22/13, 2:44 AM

You need to work directly with the Launchpad branch. See the help at https://doc.openerp.com/6.0/developer/1_1_Introduction/2_launchpad/ and follow the instructions in the "Working with Branch" section using bzr branch lp:~openerp-dev/openobject-addons/7.0-lifo-fifo-qdp instead of bzr branch lp:openerp

Ray Carnes
on 7/22/13, 5:55 PM

Is it possible to get this costing method functionality in v8?

Kevin Sawyer
on 2/12/14, 11:05 PM

Hi, I'm currently using the version in http://bazaar.launchpad.net/~openerp-dev/openobject-addons/7.0-lifo-fifo-qdp It's giving me problems when I cancel and validate again an Inventory, but I don't know how to provide a reproducible example cuz I have some custom modules that rely on Inventory and Stock Moves as well. The error is: "Something went wrong finding stock moves [][]10.2123" and it seems that at cancellation time it writes a bunch of stock moves in "done" state but with qty_remaining set to zero I can solve by dropping qty_remaining column and stock_move_matching table then upgrading the module (it recalculate everything) May I ask you if it has been tested in such situation and if it works out-of-the-box on a clean installation with a long history of Stock Moves? How the stock_move_matching table is meant to work? What is the branch http://bazaar.launchpad.net/~openerp-dev/openobject-addons/7.0-lifo-fifo-qdp2? Thanks

Alessandro Domanico
on 4/21/16, 4:53 AM
ouzza brahim
On 5/30/14, 4:10 PM

hi how it works

On 7/21/13, 7:51 AM

Thanks a lot Ray........I really appreciate the level of depth in your answers...it was really helpful

Yes, tnx for the answer Ray! Very interesting. Any chance to see it integrated into the main 7.0 version?

Francesco Carrella
on 4/4/14, 4:24 PM

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Asked: 7/20/13, 11:18 PM
Seen: 7641 times
Last updated: 3/16/15, 8:10 AM