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Hello,

I need your help to understand and find out if I am doing something wrong (perhaps incorrect settings).

I placed a purchase order related to the project for a value of €1,000. 
The part is entered into stock at €1,000.
I take the part out of the project and it comes out at 172.92 (Valo PUMP).
I see that I have a value of 827.08 in my project stock, but I no longer have the part in stock, so it's 827.08. What should I do with it, as it appears in the accounts under account 31100000?

Thank you for your help. 

 

Financial project

 

Inventory transaction history 

 

 

 

Hi, 

The heading of the subject is misleading as this appears to be driven by part cost.  Periodical cap and rev rec does not appear to be connected. 

Please take a look at the costing set up in IFS.  Quantities are not shown in the screen prints so I assume quantity = 1.    Does that costing set up match real needs.  For example, you purchase an item for 1000, yet the issue is only 172.  This would be possible under average costing cost per part.  Assuming parts are in inventory the 1000 arrival then increased the average cost to 172, and that was the value issued.   

If the cost of an item can really go from let's say 100 to 1000 for the exact same item, then average cost (per part) may not be the best costing.   Maybe consider cost per serial or cost per lot batch.   Assuming cost was per lot batch, the 1000 receipt, would go to lot 1, when the same is issued, your issue transaction would be 1000 as well.   

Look at the part cost and consider the various options. 

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