✍️Agenda of the Video: To Check & View the "Average Cost Calculation" of every item in D365BC Video Language: Hindi ----------------------------- ✅Note: Purchase Variance Account = Cost Amount (Actual) - Cost Amount (Expected). Or, Variance = Difference between Actual and Estimated Values (of Direct Expenses). ------------------------------ Actual Amount = Invoice/Bill Amount. ------------------------------ ✅ Purchase Variance Account covered under General Posting Setup. ------------- ✅Hint 1: Read Closing Entries Amount/Values in Collapse/Short Mode. ✅Hint 2: This Average Costing is also called Weighted Average Costing. ✅Hint 3: If you are using "Standard" Costing Method; then check "Standard Cost" field in item card. ✅ Hint 4: If you using Costing Method other than Standard. For Example: In your company, you are using FIFO, or LIFO, or Specific, or Average; then check "Unit Cost" field. ✅ Check "Average Cost Calculation Overview" screen/page/window to view Weighted Average Costing. ✍️Avg. Cost Calc. Overview, 'or' Average Cost Calculation Overview are the same thing. ------------- Watch the same Concept based Video ▶️https://youtu.be/FvEAp4lV838 ------------ You may use & run the Batch-Job to update all the item cost (if "Automatic Cost Posting" option is set to NO in Inventory Setup):- (1) Adjust Item Cost/Prices = To Adjust Item Cost. (2) Adjust Cost - Item Entries = To Update Cost Amount (Expected & Actual) over Entries. (3) Cost Posted to G/L✅ = (2)+(3) You may also find the 3rd Option here under 2nd Option, Activate it. Or, Run the Batch-Job, "Post Inventory Cost to G/L", separately. ================================================================================= #d365bc #avg_cost_calc #costing_method =================================================================================
