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Microsoft Dynamics GP (Archived)

Inventory lot cost rounding

Posted on by 769

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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  • Suggested answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    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 Profile Picture
    Community Member Microsoft Employee on at
    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, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at
    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.

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