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.