Dynamics Community Forum Thread Details

Open Financial Transactions using Standard Cost

Greetings,

I am new to the world of standard cost. My background has been in FIFO. My client is using standard cost with AX 2012 Feature Pack.

When opening the On Hand Inventory screen there are many, many open transactions that are showing as financially open with no physical on hand inventory. This is of concern to me. In tracking one item back through transactions I can see that my open financial transaction amounts are due to a change in the standard cost. The amounts that are open are the difference between what was posted at one cost and the next transaction of that item at a new cost.

5/20/16 - Production order for 17 pc - $701.13 cost amount

6/1/16 - standard cost changed to lower value.

6/3/16 - sales order for material - 17 pc - $679.47 cost amount

Difference of $21.66 still showing up as open financially in on hand inventory screen.

My questions are:

1. Inventory close is not required for standard cost. How then to these differences in costs get reconciled and closed out?

2. How does my client now go back and clean these up since some of them have been open for many months. I tried a recalculation in the test environment and it had no effect.

3. Is there a setup requirement for standard cost to revalue inventory that they could be missing?

4. Is there a bug in the system causing the transactions to remain open?

Any help or guidance would be most appreciated.

Regards,

Lynn Litzau

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