How to Track Inventory Value of an Item at Bin Level by Costing Method in Busin
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ReportHow to Track Inventory Value of an Item at Bin Level by Costing Method in Business Central
Tracking inventory value at the bin level by costing method is a crucial aspect of inventory management, ensuring precise valuation and reporting. Microsoft Dynamics 365 Business Central offers robust features to accomplish this. Here’s a step-by-step guide to help you track the inventory value of an item at the bin level, filtered by costing method.
Step 1: Navigate to Inventory Valuation
Open Microsoft Dynamics 365 Business Central.
Step 2: Set Up the Inventory Valuation Report
Options Section
As Of Date: Specify the date for the inventory valuation. For example, 6/3/2024.
Filter: Item Section
No.: Enter the item number you wish to evaluate. For example, 04350000.
Costing Method: Choose the costing method for valuation. Here, we select Average.
Filter Totals By Section
Location Filter: Specify the location code. In this example, it is WHITE.
Bin Filter: Enter the bin code where the item is stored. For instance, W-01-0001.
The generated report will provide a detailed valuation of the specified item, considering the chosen costing method, at the specified bin level within the given location. This enables precise tracking of inventory costs, facilitating better financial control and inventory management.
Using Business Central’s Inventory Valuation feature to track inventory value at the bin level by costing method provides detailed insights into your inventory costs, enabling better financial and operational decision-making. By following the steps outlined above, you can set up and generate detailed inventory valuation reports tailored to your business needs.
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