✍️Agenda of the Video: To Check & View the "Average Cost Calculation" of every item in D365BC
Video Language: Hindi
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✅Note: Purchase Variance Account = Cost Amount (Actual) - Cost Amount (Expected).
Or,
Variance = Difference between Actual and Estimated Values (of Direct Expenses).
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Actual Amount = Invoice/Bill Amount.
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✅ Purchase Variance Account covered under General Posting Setup.
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✅Hint 1: Read Closing Entries Amount/Values in Collapse/Short Mode.
✅Hint 2: This Average Costing is also called Weighted Average Costing.
✅Hint 3: If you are using "Standard" Costing Method; then check "Standard Cost" field in item card.
✅ Hint 4: If you using Costing Method other than Standard.
For Example: In your company, you are using FIFO, or LIFO, or Specific, or Average; then check "Unit Cost" field.
✅ Check "Average Cost Calculation Overview"
screen/page/window to view Weighted Average Costing.
✍️Avg. Cost Calc. Overview, 'or' Average Cost Calculation Overview are the same thing.
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Watch the same Concept based Video
▶️https://youtu.be/FvEAp4lV838
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You may use & run the Batch-Job to update all the item cost (if "Automatic Cost Posting" option is set to NO in Inventory Setup):-
(1) Adjust Item Cost/Prices = To Adjust Item Cost.
(2) Adjust Cost - Item Entries = To Update Cost Amount (Expected & Actual) over Entries.
(3) Cost Posted to G/L✅ = (2)+(3) You may also find the 3rd Option here under 2nd Option, Activate it.
Or,
Run the Batch-Job, "Post Inventory Cost to G/L", separately.
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#d365bc #avg_cost_calc #costing_method
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