Inventory Valuation
80 XPIn this video, learn how to reflect our inventory’s value in our accounting, with the appropriate costing method.
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1. How does the "Standard Price" Costing Method work in Odoo?
Odoo computes the average cost based on the prices indicated on the Vendor Bills.
The amount indicated as a cost in the Product Form is always used as the cost for stock valuation.
The price indicated on the Vendor Bill is used as the cost for stock valuation, in chronological order.
The price indicated on the Vendor Bill is used as the cost for stock valuation, and this implies that serial numbers must be used to track which item leaves the stock.
2. How can I configure a product to have its stock valued manually or automatically, and with which costing method?
By going to Accounting Settings -> Inventory Valuation and defining how Storable Products are valued.
By going to Inventory Settings -> Inventory Valuation and defining how Storable Products are valued.
By editing the Product Category on the product's form. The Product Category's settings define how the products are valued.
By going to the "Inventory" tab on the product's form and editing the "Inventory Valuation" section.
