How Average Cost is Calculated in Microsoft Dynamics NAV
We often get questions on how Dynamics NAV calculates Average Cost and have created a simple example below to illustrate. The explanation below comes from a white paper entitled, “Dynamics NAV 5.0...
View ArticleWhen Purchases and Direct Cost Applied Accounts Don’t Net to Zero in...
In an earlier blog, Purchases and Direct Cost Applied Accounts in Microsoft Dynamics NAV, we explained that these two account balances should always net to zero. Recently, we received a call from a...
View ArticleDynamics NAV Coffee Break: How to Use the Adjust Cost/Price
What do you do if you have to update the price of your entire warehouse? Or if one vendor has decreased a specific item by a certain amount? You could manually go through and update every item, if you...
View ArticleCost Roll Procedure in Microsoft Dynamics NAV
The information below explains the steps to follow while rolling standard costs in Dynamics NAV. The process is relatively simple, but the goal of this document is to explain the importance of each...
View ArticleTwo Options for Running Adjust Cost in Dynamics NAV When It Has Not Been Done...
Running a successful business requires the ability to plan, forecast, and make strategic business decisions. To make these kinds of effective decisions you need access to reliable data: you need to...
View ArticleWhy You Should Set Automatic Cost Adjustment to Never in Dynamics 365...
This was one of the topics that came up frequently while working with users at the last NAV/BC User Group Summit at Phoenix. Many people have different opinion to setup their inventory so costing is...
View ArticleThe Mysterious Update Unit Cost field in Dynamics 365 BC Production Orders
At just about every Manufacturing course that I have conducted, I get the same question: “What does the Update Unit Cost do when Changing the Production Order Status?”. My answer is usually: Forget it,...
View ArticleHow To: Use Jobs and Work Type Codes to Control Job Costs and Prices in...
In Microsoft Dynamics NAV or Business Central, you can use work type codes to control your job costs and prices. On the Resources card, you can have a general rate for the resource, but for the work...
View ArticleHow To: Run Work in Progress (WIP) for Job Cost Accounting in Microsoft...
Work in Progress (WIP) is used to match cost with revenue. This blog discusses different methods of costing WIP and provides instructions for running the WIP process in Microsoft Dynamics Business...
View ArticleBusiness Central Specific Cost
The costing method determines if an actual or a budgeted value is capitalized and used in the cost calculation. Together with the posting date and sequence, the costing method also influences how the...
View Article