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a customer recently asked me what is involved to change from a FIFO accounting method to Standard Cost in Dynamics NAV 4.0 SP1.
beyond changing the costing method on the item card - what other considerations should this customer have?
is a full inventory update required?
financial changes?
etc?
thank you for your help.
Ken
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Hi Ken,
Firstly standard Nav will not let you change the costing method of an item if it has any item ledger entries. The impact of what you're trying can be far-reaching as costs are stamped on order/despatches/receipts and of course the value of your stock. I would advise you to talk this through with someone with costing experience as it's not a simple task.
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