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Revaluing Inventory

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Posted on by Thomas Oickle

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Hey,

I am working in GP, and I am trying to adjust costs in GP, but I only want to adjust the costs were currently have at hand and not the cost to anything we have sold. For example, if we have a lot and we have sold 10 and have 10 in inventory, how can we adjust costs using the adjust costs function in Inventory Module (as we are not standard cost) for only those 10 for inventory.

We ahve decided to add a 5 cent charge to all product in Inventory today for a move that we have made. This is why we want to only adjust inventories.

Cheers

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Ron Wilson 6,010 on at

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Re: Revaluing Inventory

Are you wanting to adjust your basis cost for selling? Or are you wanting to adjust your valuation costs? If you want to just add 5 cents to ever item you have purchased and have in stock then I would do an Inventory Adjustment out and then and Inventory Adjustment in with the new cost being 5 cents more. Using the Adjust Cost module, you lose tracking of "why" that cost was adjusted. You cannot put notes on the Adjust Cost. Using Inventory Transaction, you can track what you did and put notes on the adjustment.

To get the inventories on hand, then I would use a Smart List to show all inventory where Qty On Hand is greater than Zero.

Let me know if I am way off on what you are asking for.

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