Inventory lot cost rounding

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Posted on by olegvi

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We are tracking lots on FIFO Perpetual inventory.

When goods are received, say 1000 LB of a single lot the system creates two tiers where 999 LB is at one cost and 1 item is a different cost which, I believe, because of the rounding. That single lot creates issues for us. Is there a way to avoid that?

Thanks,

Oleg.

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Community Member Microsoft Employee on at

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RE: Inventory lot cost rounding

Oleg- Just to confirm that the rounding issues by design are corrected within the inventory cost layers and in the posting accounts by using a product called InventoryRound. You can email sales@iscorp.biz for more details.

Thanks

Brandon
Community Member Microsoft Employee on at

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RE: Inventory lot cost rounding

Oleg-

We have several customers that have had the same issue and found it very frustrating.

We created a tool that corrects this in both the inventory layer thru to the general ledger.

It is an item that we sell and assist customers with today. If you would like additional information on our Rounding Tool please contact

sales@iscorp.biz.

Thank you,

Deb
Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at

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RE: Inventory lot cost rounding

That is standard system behavior. The only way to prevent it is to ensure the extended cost is exactly divisible by the receipt quantity with the decimal places being used for the specific item.