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standard cost price activation

Posted on by 255

Hi All,

We have uploaded standard cost on today, so can we activate standard on back date 31st march

Can any one please suggest me.

Thanks,

  • RE: standard cost price activation

    Hi Santhosh,

    Does Ldwig's reply answer your question? If yes, could you mark the thread as answered? if not, please let us know. I will try help more.

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: standard cost price activation

    Hi sunil,

    Changing the session date is the only option that you have if you want to activate those prices as of a specific date.

    The impact is of course that the standard cost price activation will calculate and post the difference between the old and new standard cost price and multiply it with the item quantity. This amount will immediately be posted as a voucher that affects your profitability. In other words, if you increase standard cost prices you get immediately 'richer' because stock value increases and an 'income' account is posted. On the other hand, a reduction in the standard cost price makes you 'poorer' as an additional expense is posted and stock value is reduced. This principles applies in general and does not depend on whether you change the session date or not.

    Best regards,

    Ludwig

  • sunil narvaneni Profile Picture
    sunil narvaneni 255 on at
    RE: standard cost price activation

    Thank you@Ludwig

    We can activate standard costs by changing  session date but is this best practice? and what are the impacts

    Thanks

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: standard cost price activation

    Hi,

    Have you tried changing your session date to 31 March and then activating your standard costs?

    Best regards,

    Ludwig

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