Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
I know what is a standard cost and what is a calculated Cost (average or FIFO or LIFO) or a supplier price.
But I do not understand how Odoo handles these different concepts.
for instance in V10 the product form has a button called "set standard price" allowing to change the COST of the product.
Where are these important concepts described in terms of usage by the Odoo apps into the documentation?
Of course, I had read the pages you mentionned; a cost price refers to the actual purchasing operations done with a supplier and a standard price is a convention that some companies set for a period (a fiscal year for instance).
At the end of the period, the standard is compared to the actual costs, the differences are then accounted for and the standard may either be maintained for the next period or adjusted to reflect the variations.
the attached screen shot shows that misunderstanding may come from the wordings used in the Odoo apps
The standard price represents the value of the product that is used for Inventory Valuation and Cost of Goods purposes. You may buy items from a Vendor at $1, $2 and 3$. You may always consider each item to be valued at $2.50 when you value your inventory, or calculate the cost of your sales based on the cost of items.
Create an account today to enjoy exclusive features and engage with our awesome community!
Sign up| Related Posts | Replies | Views | Activity | |
|---|---|---|---|---|
|
0
Jul 16
|
3383 | ||
|
2
Mar 24
|
211 | ||
|
0
Oct 20
|
3811 | ||
|
1
Mar 16
|
5014 | ||
|
0
Dec 24
|
27 |
1. Use the live chat to ask your questions.
2. The operator answers within a few minutes.
I do not understand your question, but you may want to read the documentation here: https://www.odoo.com/documentation/user/10.0/accounting.html chapter "Others/inventory" and then revert with specific question(s).