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As it's my first question on this forum i'd like to start to thank's whoever is reading this post.
I'm operating Navision in China, with the following shipment process :
1 - Order
2 - Shipment
3 - Invoice
Due to the local regulation, i'm forced to ship before issuing the invoice. For some reason between the shipment and the actual invoice my costing price is changing in NAV which fooling my margin calculation.
I'm using "Average" as a costing method. Probably because my company was using is before I joined.
As any ever faced this kind of issue on cost calculation ?
what should be the right costing method to use ?
It's quite obvious that the Unit Cost will change with each Sales and Purchase transaction of Item as per the costing method. This is the whole purpose of any costing method.
Now, If you are creating the Sales Invoice individually (instead of posting from the Sales Order page), then make sure you are selecting the "Posted Shipment Lines." These posted shipment lines will always have the cost which you had on your SO while shipping it. It's not gonna change. So, if currently you are creating the sales invoice without using "Get Shipment Line" function, the make sure you use now.
Also, what costing methdod you shall use totally depends on the nature of your business. To be more specific nature of the Goods/Items you are dealing with.
For Instance: If In your business environments product cost is unstable you should use Average Costing Method. Like when inventories are piled or mixed together and cannot be differentiated, such as in Chemical Industries.
If in business environments product cost is stable, then you should use FIFO. Also, for items with a limited shelf life, because the oldest goods need to be sold before they pass their sell-by date.
Hope it helps!
Thank you very much for your answer.
Just to make sure I understand the costing method properly. My company is distributing electronic components. Selling price is define by the sales and the costing price is based on the buying price.
It means I'll have to use FIFO right ?
Still on cost calculation and stock monitoring purpose.
What's the difference between "sales return order " and "sales credit memo" ?
Why not doing a sales credit memo in case of quality return ?
Yeah. You could use FIFO.
Basically the main difference is that a Sales Return Order will post a Posted Return Receipt and then a Posted Credit Memo while a Credit Memo will only turn into a Posted Credit Memo. A Sales Return Order allows you to Receive the product in one step and then post the Posted Credit Memo in another step. Unlike Credit Memos, Sales Return Orders have the "Qty. To Receive" and "Qty. Received" concept like a Purchase Order. Unlike Credit Memos, in Sales Return Orders you get the option of "Ship", "Invoice" & Ship & Invoice".
So, if you requirement is such that you want the inventory impact and finance impact at diffrenet point of times, then you have to use Sales Return Order only.
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