Hi There, We have a client who recently completed a revaluation journal on an item ledger entry. Now I understand that it is not possible to do this on an entry that hasn’t been invoiced. Having completed the revaluation of 0 the inventory valuation report calculates the stock value at 0 correctly. However when they run an adjust cost it re introduces the figure that was revalued and shows it as an expected cost ???. I am puzzled. Please can you also confirm the correct procedure for changing the costing method from FIFO to Standard on a system which has been using FIFO for some time.
Hi Andrew With regards to the costing change, search for costing change in the forum, this topic has been covered from many aspects with varying opinions and routines. There is a safe and long way, and a few others, not mentioning the long list of considerations [:D]