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stockvariantproduct_costInventoryAdjustment
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CRUDevs

If a company is adjusting its real stock in real life, and they working on it so that they can go live with it at the first of Jan. 2024. The main suggestion was just creating the products in the system, putting on their variants and then update the quantity and cost of each product variant. But is this the best way or the best approach to do so?


If the products in real life are not correct, then nothing else will be. That's why its important to have a correct stock in the system but I am not sure if this is the best approach, and I want to know how would it affect the costing cycle and the stock valuation.


Can someone help please?

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Lars Aam
Best Answer

For Go Live January 1 st.  All data msut be ready for upload on December 31st.

In due time upload and create all products, with product cost.  Since Odoo have no history, this is the cost / value that will be used for the first transactions.  Make sure you have set the accounts also correct.

To make a good inventory a proper cut over must be done. Meaning: All transactions for all goods movements that has physically been done,  must have been posted. In any stock has been posted out, make sure it is not counted again.   A proper cut over.

I would have planned to do this in their old legacy system. (I expect they have one..) So any variance in stock figures is posted to accounting there, before go live in a new system.  Of course there is an option to do it after go live: Just upload to Odoo the stock in their old legacy system, and correct it after.  

To have a correct stock is the core of proper logistic management. If the stock is not correct, many other failure will happen in the business.  Many companies have not in place the routines necessary to keep stock updated correctly.  Odoo is an excellent system to implement best pratice routines.

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