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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / When to update standar...
Small and medium business | Business Central, N...
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When to update standard costs in Dynamics NAV

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Posted on by Mike 10

I need to implement standard cost changes . I have not done so before in Dynamics NAV (2018 version) nor has anyone else in my company.  I've done the work and things are ready to go, but I don't know when the best time to actually implement the new costs will be. Can anyone give me tips as to the normal process --i.e. best time of day, time of month, etc.--to update standard costs?

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    Community Member Profile Picture
    Community Member on at

    Mike,

    If you have completed all 3 steps on the Standard Worksheet and ready to implement, I would implement when you know:

    1. No one is in the NAV posting transactions

    2. All possible Inventory related postings have been completed leaving the most accurate Inventory QOH, which will be effected on the Revaluation Journal. No pending Sales Shipments/Purchase Receipts/Consumption Journals/Output Journals/Warehouse and Inventory related transactions

    Sometime the above is hard to pinpoint. Anything unposted, the QOH is what is revalued. After you run the Implement, the Revaluation Journal will be created awaiting your review and to Post.

    Hope this helps.

    Thanks,

    Steve

  • Mike Profile Picture
    Mike 10 on at

    Thank you for your response Steve.   You mentioned all 3 steps on the standard worksheet. Which 3 steps are you referring to?

    --Mike

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    Community Member Profile Picture
    Community Member on at

    Mike,

    I am attaching my Standard Cost Worksheet handout I give my customers.

    Thanks,

    Steve

    Using-the-Standard-Cost-Worksheet-in-Microsoft-Dynamics-NAV.docx

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