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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / How do I correct Item ...
Finance | Project Operations, Human Resources, ...
Suggested Answer

How do I correct Item cost.

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Posted on by DB ERP 75

I hope this does not duplicate this question. I tried to post it earlier and it looked like it froze up.

A PO was issued for an inventory item at an incorrect cost, then the item Shipment was received at the incorrect cost. Then the item was partially consumed in an assembly BOM. The finished good is then transferred to a different site.

Now the invoice comes in from the supplier at a lower cost. What is the best practice for getting the correct cost on the item?

Should I just do an enter match for the invoice with the correct cost, or do an Adjust Cost in the utilities?

Thank you in advance for any help on this.

Categories:
Microsoft Dynamics GP
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  • Suggested answer
    Lucas Reuss Profile Picture
    Lucas Reuss Microsoft Employee on at

    Hello and Thank you for your Post!

    Most of the time, we would normally just work through Invoicing this at the correct cost and let the system take care of this purchase price variance on its own.

    If you are concerned how this will turn out though, you may want to set up a Test company using the KB article below and then try out both of these processes to see which will work out better for your situation.

    support.microsoft.com/.../kb-set-up-a-test-company-that-has-a-copy-of-live-company-data-for-microsoft-dynamics-gp-by-using-microsoft-sql-server-6199295b-fc49-d963-3865-2d24a4b49211

    That will provide you the opportunity to see both outcomes and make a decision from there.

    I hope that helps!

    Thank you,

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