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Topic:   Average Cost

By: GuestPosted on: Jul 16 2020 at 10:33:19 AM
Is there any plans to add an option to value stock based on an average purchase price?

By: GuestPosted on: Jul 17 2020 at 03:52:51 AM
There's different opinions on 'Value'. Some would argue that the most recent price "is" the value. If something has depreciated (for example bottom falling out of the price of Memory modules) then my stock has depreciated and I need to write off that loss against tax.

By: GuestPosted on: Jul 17 2020 at 07:31:39 AM

Not quite sure on this - all i want to do is ensure that the stock value reported at the end of the month / year etc. best reflects the cost paid, last price paid does not do that. I need the suppliers standard cost to remain unless i decide to increase / decrease it, but the costing should be average or selectable.

If you dealt with each part in this way, it would be a VERY time consuming process, if you updated your average stock value into your cost of goods accounting, this would achieve the same thing. But must be closer, via averaging. Can't re-value all the stock of a part, just becuase a few items have cost a lot more.

I think??

By: SupportPosted on: Jul 27 2020 at 04:21:28 AM
There are some updates being done that change the way cost price of items is calculated (ie Average Cost vs most recent). This is mainly for calculating the build cost of assemblies. But taking that a step further it should then be possible to take that average cost into the stock valuation reports.

I'll put this into the ToDo pile so it gets looked at sooner rather tgan later. But, as usual, I'm not going to give any timescale.

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