Why Part Avg Cost doesn't change?

Yahoo Archive
1
Vantage only retrospectively adjusts costs when the purchase is linked
directly to the job. It does not retrospectively modify the average of
stock at point of AP Invoice receipt matching.



It places all of it into purchase price variance



Gary





From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of mintokmint
Sent: 10 November 2008 06:11
To: vantage@yahoogroups.com
Subject: [Vantage] Why Part Avg Cost doesn't change?



Purchase Cost (UnitCost) is 0,Invoice UnitCost is 10.
after i posted the Invoice, I found that the Part's Avg Cost doesn't
change.
Can anyone tell me why?





[Non-text portions of this message have been removed]
2
Purchase Cost (UnitCost) is 0,Invoice UnitCost is 10.
after i posted the Invoice, I found that the Part's Avg Cost doesn't
change.
Can anyone tell me why?
3
In v8 (probably the same in earlier versions), the average cost is
updated when goods are received. The cost attached is the cost on the
related Purchase Order.

These cost prices are not updated if the Supplier Invoice comes in
with a different price.


Nigel.


--- In vantage@yahoogroups.com, "mintokmint" <mintokmint@...> wrote:
>
> Purchase Cost (UnitCost) is 0,Invoice UnitCost is 10.
> after i posted the Invoice, I found that the Part's Avg Cost
doesn't
> change.
> Can anyone tell me why?
>
4
My Version is 803.400.

--- In vantage@yahoogroups.com, "Nigel Kerley" <nigel.kerley@...>
wrote:
>
> In v8 (probably the same in earlier versions), the average cost is
> updated when goods are received. The cost attached is the cost on
the
> related Purchase Order.
>
> These cost prices are not updated if the Supplier Invoice comes in
> with a different price.
>
>
> Nigel.
>
>
> --- In vantage@yahoogroups.com, "mintokmint" <mintokmint@> wrote:
> >
> > Purchase Cost (UnitCost) is 0,Invoice UnitCost is 10.
> > after i posted the Invoice, I found that the Part's Avg Cost
> doesn't
> > change.
> > Can anyone tell me why?
> >
>
5
My understanding is that the average cost is adjusted when parts are received into inventory. That means after it gets past inspection so no actually at the receiving stage.

Also, if the beginning quantity on hand goes to zero and parts are received into stock, the average cost is now the cost of that receipt. It does not average in the old average cost.

Jasper

________________________________
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of mintokmint
Sent: Monday, November 10, 2008 3:37 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Why Part Avg Cost doesn't change?


My Version is 803.400.

--- In vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>, "Nigel Kerley" <nigel.kerley@...>
wrote:
>
> In v8 (probably the same in earlier versions), the average cost is
> updated when goods are received. The cost attached is the cost on
the
> related Purchase Order.
>
> These cost prices are not updated if the Supplier Invoice comes in
> with a different price.
>
>
> Nigel.
>
>
> --- In vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>, "mintokmint" <mintokmint@> wrote:
> >
> > Purchase Cost (UnitCost) is 0,Invoice UnitCost is 10.
> > after i posted the Invoice, I found that the Part's Avg Cost
> doesn't
> > change.
> > Can anyone tell me why?
> >
>



[Non-text portions of this message have been removed]
6
Ave cost is dependent upon cost at time of receipt. Since it is not possible to have an invoice entered before the receipt, the receipt cost record is based upon the PO net unit price (list price less any discount).

If you are letting your POs be entered with no price, you will have no receipt cost to base ave cost upon. Ave cost will never work for you under this scenario (nor will Last).

You've set yourself up so only Std Cost is viable for you.



--- On Mon, 11/10/08, mintokmint <mintokmint@...> wrote:

From: mintokmint <mintokmint@...>
Subject: [Vantage] Re: Why Part Avg Cost doesn't change?
To: vantage@yahoogroups.com
Date: Monday, November 10, 2008, 3:36 AM






My Version is 803.400.

--- In vantage@yahoogroups .com, "Nigel Kerley" <nigel.kerley@ ...>
wrote:
>
> In v8 (probably the same in earlier versions), the average cost is
> updated when goods are received. The cost attached is the cost on
the
> related Purchase Order.
>
> These cost prices are not updated if the Supplier Invoice comes in
> with a different price.
>
>
> Nigel.
>
>
> --- In vantage@yahoogroups .com, "mintokmint" <mintokmint@ > wrote:
> >
> > Purchase Cost (UnitCost) is 0,Invoice UnitCost is 10.
> > after i posted the Invoice, I found that the Part's Avg Cost
> doesn't
> > change.
> > Can anyone tell me why?
> >
>