Small and medium business | Business Central, N...

Standard cost adjustment back in time for items and adjust item g/l entries

(0) Share

Report

Posted on by BrutusG

Hello,

We have a situation where for a number of items that were new, no standard cost were calculated based on the BOM and Routings. So the standard cost is 0. The product has been produced and sold in salesorders. No GL entries were mad because they are 0.

The item was made in june. I would like to set the standard cost on the first day of the item in june and then recalculate all Item entries with that standard cost price from that moment forward. I tried several things but it doesn't work.

What is the proper procedure to do this?

Thank you in advance!

I have the same question (0)

All responses (6)

Answers (0)

Sort by

Suggested answer

IB-29041624-0 1,191 Moderator on at

Like
a
(0)

Report
Copy link

Link copied!

To be able to fix this you need to do item revaluation to change the cost of your inventory transactions.

You can read more about that procedure in my blog post:

bc365.co/.../

Was this reply helpful? Yes No
BrutusG 2 on at

Like
a
(1)

Report
Copy link

Link copied!

Thank you! I'm going to test this.

Was this reply helpful? Yes No
BrutusG 2 on at

Like
a
(0)

Report
Copy link

Link copied!

I doesn't do anything.. no lines appear in the revaluation journal. Does this work for items with the setting 'standard cost'?

Was this reply helpful? Yes No
Suggested answer

IB-29041624-0 1,191 Moderator on at

Like
a
(0)

Report
Copy link

Link copied!

Sorry my bad.

With standard cost this is what you have to do to generate the revaluation journal.

https://docs.microsoft.com/bs-latn-ba/dynamics365/business-central/finance-how-to-update-standard-costs#to-update-standard-costs

I should probably update the blog post.

Hope this works.

Was this reply helpful? Yes No
BrutusG 2 on at

Like
a
(0)

Report
Copy link

Link copied!

Thank you for your answer. I tried this but BC doesn't generate the G/L entries with new standard cost value on an already shipped sales order.

So the shipment of the sales order and invoicing was done at the end of june and no G/L entries were made, only revenue, but no cost of sales /inventory (credit) because the standard cost was 0. The margin on these line are infinity. Is there a way to generate these lines...?

Thank you in advance.

Was this reply helpful? Yes No
Suggested answer

Alfredo_Iorio 1,268 on at

Like
a
(0)

Report
Copy link

Link copied!

I had the same issue with a recent Go-Live.

This is a known issue and it's due to BC not posting G/L entries with 0 amount.

When you post transactions for items with cost = 0, BC creates value entries with a zero amount.

The value entries cannot generate G/L entries, therefore you are stuck.

Unfortunately, the only option is to create a general journal to fix inventory and COGS.

I would not recommend using development because G/L entries and value entries are tables that I would not touch with code.

Here is an article I wrote recently about the issue

www.linkedin.com/.../

Was this reply helpful? Yes No

Join the conversation

Community site session details

Standard cost adjustment back in time for items and adjust item g/l entries

Helpful resources

News and Announcements

Quick Links

Season of Sharing Community Challenge Launch!

Women in Power Builds Momentum

Congratulations to the May Top 10 Community Leaders

Leaderboard > Small and medium business | Business Central, NAV, RMS

Featured topics

Product updates

Community site session details

Standard cost adjustment back in time for items and adjust item g/l entries

Helpful resources

News and Announcements

Quick Links

Season of Sharing Community Challenge Launch!

Women in Power Builds Momentum

Congratulations to the May Top 10 Community Leaders

Subscribe to this forum!

Select categories

Leaderboard > Small and medium business | Business Central, NAV, RMS

Featured topics

Product updates