Dear All, Hope u are having good time. Many of my dear Functional Consultants of Navision would have noticed the Flaw in Item Costing methods. As per the Costing Method priniciples of Navision and the Accounting universe, Item issues are costed according to the method selected by the entity Viz. Either FIFO, LIFO or weighted average basis. But in Navision Item Isses (Sales and negative enteries)are not Costed as per the Costing method selected in the Item card ,Instead all the Issues are costed on Average Cost.This is irrespective of the Costing Method selected. The only alternative available to stick to the selected costing method is to use the “Apply to” field on the Sales lines where the respective Item ledger entry cost can be selected. But this option is not feasible as it is purely MANUAL way of Costing Issues and is no better than a Manual accounting system. How do we address this , in case a Customer wants to cost his issues at FIFO, or LIFO method ? Can anyone please give their feedback and share their expereinces. Thanks and regards Surya
Hi Suraya, Navision handles this in the Periodic Activities of Inventory: Adjust Cost-Item entries, considering the method you have choosen, FiFo, etc. Michael