Unit costs (problem)

[eko]

@CEOHaaks, @applet, @RBT0519 and others regarding recalculate this was/is discussed in another topic, that introduced:

Added ability to set inventory valuation method on inventory item level

The latest version (24.12.6) adds new field to Inventory Items form. [image] You can choose from 3 options: First in, first out Weighted average cost Zero cost This allows to have different inventory valuation methods for different items. But most importantly, when clicking Recalculate button under Inventory Items tab, you no longer have to think what inventory valuation method to choose. Instead, Manager will calculate unit costs based on valuation method selected on inventory item level. …

More related to the frequency of using the recalculate button see for example post 5:

Added ability to set inventory valuation method on inventory item level

What I’ve observed is that some businesses do want to recalculate at least once a day because their cost basis could change dramatically and they want to sell with specific profit margin. These businesses would typically use weighted average cost method so that their unit cost would only be affected by purchases, not sales. And some businesses couldn’t care less. They care about tracking quantities only and would recalculate just once a year to have accurate balance sheet report. And then the…