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Evo-ERP and DBA Classic >> Items >> Updating last cost - standard cost
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Message started by Laura Oliver on 09/30/16 at 06:30:56

Title: Updating last cost - standard cost
Post by Laura Oliver on 09/30/16 at 06:30:56

Why does receiving in a PO not update IN-L-A (enter standard costs)?

How does the last cost get updated in IN-A? I dont think they always do :'(

Thanks,
Laura

Title: Re: Updating last cost - standard cost
Post by Lynn_Pantic on 09/30/16 at 09:40:42

Standard costs are only updated when you want to update them, not every PO receipt. Most people only update standards once or twice a year. Last cost is the Last time a part was received to stock from any source so it could be a PO or WO receipt, an adjustment, or a reversal of something that would normally take it out of stock.

Title: Re: Updating last cost - standard cost
Post by David Waldmann on 10/19/16 at 07:49:48

If you are set up to use Standard Costs, then the PO will be received AT standard cost (as manually entered) regardless what you pay for the items.

If you are using Average, LIFO or FIFO, then Standard Cost is just a reference. I believe the only thing it's actually used for in DBA/Evo is in the Estimating module (and there CAN be separate costs entered to be used only in Estimates).