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Average Cost Calc. Type Field, Inventory Setup Table

  • Article

Contains information about the method that the program uses to calculate average cost.

Note

If you change the average cost calculation type, only entries in open fiscal years will be affected. Entries that have already been posted in the open fiscal years will also be changed.

The options are:

  • Item: If this option is selected, the program calculates one average cost per item in the company.

  • Item & Location & Variant: If this option is selected, the program calculates an average cost per item for each location and for each variant of the item in the company. This means that the average cost of this item depends on where it is stored and which variant (for example, which color) of the item you have selected.

Warning

You must choose the type of method very carefully during setup because if you change the contents of this field, all entries concerning items with costing method Average in open fiscal years will have to be readjusted. This may take several hours if your database is large.

Tip

For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.

Parent Tables

Table Location
Inventory Setup Table Inventory
Inventory Setup Table Inventory

See Also

Reference

Inventory Setup
Average Cost Calc. Overview

Other Resources

Average Cost