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changing the cost of an inventory item

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Posted on by katjm

HI!! I am new to business central!! i am accustomed to sage accounting.....what a difference!! i would appreciate any tips to ease the pain of the change!! I thing in particular...... can I change the cost of inventory items?? thanks in advance!!

Katie

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YUN ZHU 72,941 Super User 2024 Season 2 on at

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RE: changing the cost of an inventory item

Hi, yes, you can also refer MS Docs directly.

https://docs.microsoft.com/en-us/dynamics365/business-central/inventory-how-revalue-inventory

Hope this will help.

Thanks.

ZHU
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Inge M. Bruvik 32,748 Super User 2024 Season 1 on at

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RE: changing the cost of an inventory item

Welcome to the Business Central world!

As Kim says - you should use the item revaluation journal to adjust cost for your inventory.

You can read more about how that works here:

bc365.co/.../
Dallefeld 11,425 User Group Leader on at

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RE: changing the cost of an inventory item

A big change for you for sure! To ease the pain, consider training courses from your partner or a training company that specializes in business central. They cost but they will really help.

So changing the cost--I'm assuming that you have transactions for the item that needs the cost changed. BC has a Revaluation Journal that you can you to change inventory cost. You will want to change the cost on the transactions that add quantity into inventory. Don't worry about the deductions from inventory, run adjust cost after you finish your revaluation journal and the system will from the changed cost through from positive to negative.

You will want to be aware of the date(s) that you are using in your revaluation journal. and I suggest you setup a test company and run a trial before doing in your 'live' company.