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shalin wilson Bahreïn

--shalin wilson--
--shalin wilson--

Experienced Odoo professional, passionate about the latest technologies and business solutions.
skilled in  .Net Web technologies and Odoo technical development using Python Xml and Javascript.
familiar with Odoo V8,9,10,11 and Odoo12.

Feel free to contact for help
E-mail : shalinwilson1994@gmail.com
Phone : 9995533527
linkedin : https://www.linkedin.com/in/shalin-wilson-a1318183/

shalin wilson Bahreïn
26/09/2019 07:31

Standard Costing:
 This method is very basic and easy. What we have to do is, just put the cost price on product master.- The inventory valuation will not consider the amount for which you bought this item. It directly takes the cost price you provided on product master.
 Average Costing:
In average costing method, cost of items in inventory is calculated based on the average cost of all available similar items in inventory.- i.e cost of an item in inventory divided by the number of items available in stock. 
Real-Time Costing: 

 In real time inventory valuation method, Odoo keeps the track of the cost of each incoming and outgoing items. Real-time costing method works along with stock removal strategy.Ie (FIFO, LIFO, FEFO). So we have to select one of them in product category formOtherwise, Odoo will take FIFO as default.

3 Commentaires
Anthony Iloenyosi Nigeria
26/09/2019 07:44

Hi Shalin, thank you for your response. I do know how each costing method works. What I'm actually asking is how Odoo would handle the situation if I start with Standard Costing Method and then decide to change to Average Costing Method. e.g. I have a product category called "helloWorld". helloWorld is initially configured with Standard Costing Method, however I decide I don't want to use Standard costing anymore and decide to change the costing method to Real Price or Weighted Average for helloWorld. Would Odoo allow me to do this? or do I have to deprecate the helloWorld product category and create another product category?

shalin wilson Bahreïn
27/09/2019 01:18

you can change to whatever you want ,odoo will handle it

cost valuation will be reflected.

checked Odoo 12.0+e (Enterprise Edition)

Anthony Iloenyosi Nigeria
02/10/2019 06:12

Hi Shalin, thanks for your response!

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Ricardo Gross Suisse

--Ricardo Gross--

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Davos, Suisse
--Ricardo Gross--


Ricardo Gross Suisse
26/09/2019 08:18

Hi,

You can change it at any time but changing your cost method is an important change that will impact your inventory valuation.

BR

Ricardo

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Anthony Iloenyosi Nigeria
26/09/2019 08:24

Hi Ricardo,

Thank you for your response! This is helpful, if it's not too much trouble. In what way would it affect the valuation? Could you please elaborate? It would be extremely helpful.

Ricardo Gross Suisse
26/09/2019 08:41
Anthony Iloenyosi Nigeria
26/09/2019 08:58

Thanks! I'll give it a look.

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