When making a new production order. I used to get the amount of each item and then a total amount for the production order.
However now, The amount and total amounts are gone.
This is because in the new Standard costing method of inventory valuation this amount column is useless and doesnt mean anything.
And some users would even like this removal of amount column who doesnt want their employees to know production costs.
Is there any way of getting it back, or at least knowing the amount of a production order at least
In the latest version (24.11.10) amounts show again. Eventually I will show standard costs if entered.
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@lubos in the new versions is this some kind of hybrid valuation method introduced? If standard cost is entered it will takeover the automatic valuation if not its going to calculate it automatically?
Also
Can you make this column optional from settings? or make it user based?
@lubos I’m on 24.11.10.1930 and the amount in not showing in the production order.
If you are using cloud version then restart your server. if Desktop then download new version 24.11.10.1932.
@shahabb Thank you.
Yes, standard cost will be used if entered. My recommendation is for everyone to use or start using standard cost method.
This will eliminate confusion so many people have with insufficent quantity and negative inventory costing. Eliminate need for production stages. Also, production orders will be able to have primary and secondary output items. Flexibility being able to keep switching between different valuation methods (FIFO, LIFO, Weighted average). And finally when looking at inventory value, it’s simple formula quantity owned multiplied by standard cost.
What we lose is that it won’t be possible to know in real-time value of inventory (unless standard cost is recalculated) which is small price to pay for all the benefits in exchange.
You still recommend Standard cost method. In my opinion a switch in settings was fine rather than doing this kind of thing as this would end up like some items would be using Standard cost method and for some the auto weighted average (old one).
Or introduce this switch on Item level like Standard cost, FIFI,LIFO, Weighted average.
But still the issues you are trying to solve with Standard cost method you need to solve it some other way, so the solution applies to all methods as these multiple methods is going to make fragmentation.
Multiple output items in Production order doesn’t seem that much of an issue for automatic methods. An option for manual input of cost for secondary items or dividing the cost proportionally.
Not sure about Production Stages.
The issue with switch is that existing businesses will never switch it on. My intention is to fully transition to standard cost method. Otherwise everything will be way too complex in long run.