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Stock Valuation Method Change

Posted By FormerMember over 8 years ago

Good afternoon,

Has anyone made a change to the stock valuation method after initial go live? We have a customer who has been live for almost a year now, and they want to change from FIFO to Standard cost valuation. Has anyone had experience with this?

Thank you!

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Carlos P over 8 years ago +2

Hello,
I am currently working on this topic but i do not have a complete conclusion yet.
What I suggest though, is the following idea :
1) Capture a snapshot of your inventory
2) Put your inventory to…

0 FormerMember over 8 years ago

Just wanted to bump this to see if anyone had any input. Thank you!
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0 Carlos P over 8 years ago

Hello,
I am currently working on this topic but i do not have a complete conclusion yet.
What I suggest though, is the following idea :
1) Capture a snapshot of your inventory
2) Put your inventory to 0 with a miscellaneous movement
3) Make sure your accounting value is 0
4) Change the valuation method
5) Create miscellaneous entries according to the snapshot stock quantity
Do you think this idea can work ?
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Sage X3

Stock Valuation Method Change

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