Average Cost Update/Control – DealerVu Help Center

New process for Average Cost Update/Control

Average Cost Update/Control

The user will no longer be able to enter a value directly into the “Average Cost” field on a part.

New fields have been added to the “Parts Adjustment” tab found in the Part Detail screen form for the average cost (New and Current values). The adjustments tab now also supports a new Type “Avg Cost Adjustment” which will show the old and new Average Cost values in the two columns “Original Value” and “New Value”.

When an adjustment is saved, any change in average cost will be processed against the existing inventory and posted to the appropriate Part Inventory and Part Adjustment GL accounts. Then, any Quantity adjustments will be processed and posted to the appropriate Part Inventory and Part Adjustment GL accounts.
How To: To manually change the average cost of a part you will select the Adjustment Tab and use the “Insert” icon.

The Part Inventory Adjustment screen has been updated to show the current average cost and provides a field for entering a new average cost.

Note: The “New Average Cost” field in the adjustment form is read-only unless the user has the “Modify Average Cost on Parts” security permission.

You now have the ability to perform both a Quantity adjustment and an Average Cost adjustment at the same time. Once you save the adjustment you will then see the relevant adjustment entries in the Part’s Adjustment tab.

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