Is it necessary to do month end procedure for Exp_std item?

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we just converted item from Weighted avg to std cost, and converted item some non standard item to Exp_std ,since there is no inventory for these item, and did the month end for Exp_std item, after the month end procedure some how cost changed for these Exp_std , don't understand

why, when I looked at some of the project invoice cost was different before and after month end,

was this suppose to do month end ?

I thought std cost does not change cost . can some one please help me under stand why the month end procedure did change the cost .

than we cancel the month end for Exp_std , cost fixed for these items correctly.

please advise, if anyone has experience anything like this,

thanks for the help

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jac_rod 39 Moderator on at

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For moving average and standard, inventory close should not be required. I can't remember exactly what happens if the tranasctions are marked, though. I think, if the item is standard or moving average costed, it never makes it to the calculation list to begin with.

Do you have marked transactions for the items you're having issues with?

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Community Member on at

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Jacob

these items were Exp_std and Inventory model group is Fifo

i donot understand what means marked Transaction ?

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Community Member on at

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Jacob

can you please help marked ? what this means

we really don't have to do month end closing for Exp_std Model group Fifo

please advise

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Ludwig Reinhard Microsoft Employee on at

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Hi Bitia,

Can you possibly post a screenprint of your inventory model group setup? Seems that there is a kind of confusion and I believe that a picture might help :-)

Thank you,

Ludwig

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See below screen shot

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Ludwig Reinhard Microsoft Employee on at

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Hi Bitia, What we would need is the information from the inventory model and setup tabs. Maybe you can try posting this information again. Thank you. Ludwig

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See above the screen on inventory mode group and Setup tabs ,

please advise month end procedure is necessary for this model group

thanks

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Ludwig Reinhard Microsoft Employee on at

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Hello Bitia,

I still cannot identify the inventory model from the screenshot but let's try to answer this.

In general there is no requirement doing an inventory close for standard cost items.

Yet even they guys in Microsoft recommend doing that, not necessarily because of adjustment postings but also because an inventory close prevents users from backdating transactions into prior months.

So even if I cannot identify what inventory model group you have setup I would always follow the MS recommendation to do an inventory close even if it might not be absolutely necessary.

If you are interested in some additional Information, please have a look at the following post that describes costing and inventory closing in very much detail: fedotenko.info

I believe what is described there will probably answer all the questions that you have in this respect.

If it does not and leaves something open, please post another feedback on this forum.

Many thanks and all the best,

Ludwig

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