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Manually updating Last Cost: Should we?

  • 13 January 2022
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We need help with the workflow on changing the cost price of a SKU.  We have been manually updating “Last Cost” as the way we change the cost price of a SKU.  Is this correct way to update the cost price of a SKU?  If it is not the correct way to update the cost price of a SKU, what is the correct way to change the price?  

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Best answer by vkumar 13 January 2022, 11:29

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Userlevel 7
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Hi @dougmcbride79  Basically, As per the client businesses, I have seen most of them they follow the process that Create Purchase Ordeer → Create Purchase Receipt → Release Purchase Receipt. and accordingly LastCost will be updated in the Stock items screen.

Also, if required, we can even update the LastCost manually at Stock ITems screen.

 

Userlevel 5
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@dougmcbride79 , the last cost of SKU is updated by release of receipt (or incoming transfer) transaction. 

If your question is where to enter vendor prices (to be defaulted to purchase orders), it should be done in the Vendor Prices form rather than Last Cost

Userlevel 7
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Hi @dougmcbride79 

On what document would you be using this last cost? As mentioned on above replies, it does get updated automatically based on transactions. Manually updating the last cost on SKU is fine. If you are using this for Vendor documents, you may explore using Vendor prices. Here is the documentation link:

https://help-2021r2.acumatica.com/(W(3))/Help?ScreenId=ShowWiki&pageid=b8a92f04-1346-443b-aba0-9809a9d996e0

Regards,

 

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