I'm having an issue with costs put into our system via Inventory/Cards/Item don't match the costs in the Purchase order entry. The cost value in the Purchase Order seems to be a legacy cost from several years ago. So every time we do a purchase order we have to go to the Price Check function to check the current cost and then manually adjust the cost value in the Purchase Order to match the true cost in our system.The costs are always right in the Price Check window and in the Inventory/Cards/Item.
Is there a way to fix this?
The cost on the PO is coming from the item/vendor cost card from the Last Originating cost not the current cost on the item card.. That is how it is designed. The current cost is updated as PO receipts are posted.
Thanks for the response! So does that mean I don't need to worry about that cost at all, since that once that Purchase Order is posted the current cost will be applied?
And if I could trouble you for a followup, does that mean that when we apply updated prices for products, we should change the cost in the Item Vendor Maintenance window instead of Cards/Inventory/Item window?
The way this will work is this; You enter a PO and select the vendor. You down to the lines on the PO and enter an item number. GP will first look to see if there is a value for the last originating cost. If there is one that is what will be used on the PO. If it does not then it will use the current cost, provided your valuation method is perpetual, otherwise it will use standard cost. So essentially the previous PO provides the cost on the subsequent PO. These costs are updated at the time the PO receipt is posted. If the vendor supplies you with updated costs changing the cost on the item/vendor card is where you want to do it. Don't forget you may get the same item from multiple vendors.
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