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Finance | Project Operations, Human Resources, ...
Suggested Answer

Can I update Cost Object Retrospectively

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Posted on by 584

Hi All

We're using latest F&O and just had a new site go live. Our implementation team imported all the on-hand inventory from the old system before costing versions were created so all the on-hand has zero cost.

Is there a way to update the costs of the on-hand based on the current cost version records?

Thanks

Mark

I have the same question (0)
  • André Arnaud de Calavon Profile Picture
    301,035 Super User 2025 Season 2 on at

    Hi Mark,

    Are you using Standard cost as costing method? If so, there will be a revaluation posted when you activate new prices.

  • Suggested answer
    Charlotte X Profile Picture
    on at

    Hi Mark,

    You can refer to this post, it may be helpful to you:

    Dynamics 365 – Updating the Standard Cost | Ellipse Solutions

  • markmj Profile Picture
    584 on at

    No We use weighted average

  • markmj Profile Picture
    584 on at

    Not helpful. All that tells you how to create a costing version record

  • André Arnaud de Calavon Profile Picture
    301,035 Super User 2025 Season 2 on at

    Hi Mark,

    Note that costing versions and weighted average are not working together. As you mentioned cost versions, we assumed you most likely were using standard cost. You can update the cost with help of the inventory closing and adjustment options. First perform a closing; then you can adjust the cost based on on-hand or the transactions.

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