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ReportHas anyone converted their Inventory Costing from Standard to FIFO?
What were your steps and what were the speed bumps your encountered?
Thanks!
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Has anyone converted their Inventory Costing from Standard to FIFO?
What were your steps and what were the speed bumps your encountered?
Thanks!
Thanks!
Hi,
As per the information available, it's possible to transition from FIFO to Standard but not vice versa,
which means there is no standard method & not straightforward.
refer to: https://youtu.be/i6Ezoqi2q6Y to get an idea.
Regards,
AP
Thank you Jake!
In case I need to defend this answer, do you know of any Microsoft documentation that says this?
Jonathan -
It's possible to go from FIFO, LIFO, & Avg. to standard, but the inverse is not.
If you're looking to do STD -> FIFO, you need to create new products.
Kevin, thanks for taking a look at this for me.
I have an item that is set up for standard cost, it has transactions, but the current on hand inventory is zero and there are no open sales orders, purchase order or production orders.
When I try to change it to FIFO is when I get the error.
In searching online to get some help I came across this information:
The error message you've mentioned indicates that you're trying to change the inventory model of an item from 'Standard cost' to 'Transactions settled' in Microsoft Dynamics 365 Finance and Operations (formerly Dynamics AX). However, the system doesn't allow this conversion because the 'Transactions settled' inventory model is only compatible with inventory models of type 'Transactions not settled'.
So it looks like I will not be able to switch from Std Cost to FIFO Costing, unless there is a solution I am not finding.
All I have found is to zero out the current inventory, create all new items, and import beginning balances.
Hi Jonathan,
Depending on the problem you described, there may be a problem with the Costing version maintenance settings, as shown in the figure below, you can try setting the Costing type field to FIFO. Could you please upload some more detailed steps and screenshots so that we can better troubleshoot the problem for you?
Best regards，
Kevin
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