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Change valuation method on transaction

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Posted on by GMA

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We use FIFO.

But we sale product to sub companies that resale in their market (i.e. Australia).

So when we send to the Australian company we prefer to use LIFO so that we get product that has the "best" expiration date. It has to last across the water and then also have time to sell it.

Can you change valuation methods for certain transactions?

We do not use serial numbers (but are currently researching possible WMSs to tie into GP). Is there another way to handle this in GP?

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L Vail 65,271 on at

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RE: Change valuation method on transaction

Hi,

You cannot change valuation methods at the transaction level. I'm a bit confused about the need to do so. LIFO and FIFO are simply costing methods, it has nothing to do with the actual inventory pulled from the shelf. It's all about what goes into COGS. If you use serial numbers, then the cost of the actual item is used.

Kind regards,

Leslie

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