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| View Revisions: Issue #29730 | [ All Revisions ] [ Back to Issue ] | ||
| Summary | 0029730: [Cost Adjustments] It should not be possible to manually correct the cost of a transaction valued at Standard Cost. | ||
| Revision | 2015-04-30 13:30 by psanjuan | ||
| Steps To Reproduce | You should work with Standard algorithm set in the costing rule of the organization. Navigate to Product window and create a new product named "Manual Cost Standard" Select a purchase price list version and enter 100.00 as unit/list price. Go to Costing tab and enter an standard cost = 100.00 Go to purchase order and create an order for 820 units of the product. Book the order. Go to goods receipt and create a new one for the order above by using "Create Lines From". Receipt 820 into the warehouse. Complete and post the receipt. Product Asset account value of the product is set to 82.000 Realize that standard cost is 100.00 and the cost of the transaction (receipt) is 82.000. Inventory and Accounting are equal. Go back to the product window, transaction tab and select the receipt transaction. Press the Manual Cost Adjustment process button. Enter a total cost amount of 550, an accounting date and select the field "Incremental". Press Done. Realize that the Total Cost of the transaction has changed to 82550 while the cost (standard cost) remains as it is. Navigate to the cost adjustment and post it. Posting looks like 550 Product Asset account Debit 550 Inventory Variance Credit. All of this means that inventory and accounting values do not match for that product. Same way it will not be possible to release that difference in any output transaction of the product, as all of those output transactions will be valued at the standard cost that is 100.00 This behaviour is not correct in case of standard cost. |
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| Revision | 2015-04-30 13:29 by psanjuan | ||
| Steps To Reproduce | You should work with Standard algorithm set in the costing rule of the organization. Navigate to Product window and create a new product named "Manual Cost Standard" Select a purchase price list version and enter 100.00 as unit/list price. Go to Costing tab and enter an standard cost = 100.00 Go to purchase order and create an order for 820 units of the product. Book the order. Go to goods receipt and create a new one for the order above by using "Create Lines From". Receipt 820 into the warehouse. Complete and post the receipt. Product Asset account value of the product is set to 82.000 Realize that standard cost is 100.00 and the cost of the transaction (receipt) is 82.000. Inventory and Accounting are equal. Go back to the product window, transaction tab and select the receipt transaction. Press the Manual Cost Adjustment process button. Enter a total cost amount of 550, an accounting date and select the field "Incremental". Press Done. Realize that the Total Cost of the transaction has changed to 82550 while the cost (standard cost) remains as it is. Navigate to the cost adjustment and post it. Posting looks like 550 Product Asset account Debit 550 Inventory Variance Credit. All of this means that inventory and accounting do not match for that product. It would not be possible to release that difference in any output transaction as all of those will be valued at the standard cost that is 100.00 This behaviour is not correct in case of standard cost. |
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| Revision | 2015-04-30 13:16 by psanjuan | ||
| Steps To Reproduce | You should work with Standard algorithm set in the costing rule of the organization. Navigate to Product window and create a new product named "Manual Cost Standard" Select a purchase price list version and enter 100.00 as unit/list price. Go to Costing tab and enter an standard cost = 100.00 Go to purchase order and create an order for 820 units of the product. Book the order. Go to goods receipt and create a new one for the order above by using "Create Lines From". Receipt 820 into the warehouse. Complete and post the receipt. Product Asset account value of the product is set to 82.000 Realize that standard cost is 100.00 and the cost of the transaction (receipt) is 82.000. Inventory and Accounting are equal. Go back to the product window, transaction tab and select the receipt transaction. |
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| Revision | 2015-04-30 09:50 by psanjuan | ||
| Steps To Reproduce | You should work with Standard algorithm. |
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| Revision | 2015-04-29 12:09 by psanjuan | ||
| Steps To Reproduce | tbd | ||
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