#cost type

[atotovic]

What about FEFO and Costing

What about FEFO and Costing in #MSDynNAV

After my the last article, I’ve got comments about FEFO. First, thanks for reading my blog :), and then yes, it deserves to write a few sentences about it, because it is very useful feature in NAV. But first, what actually FEFO means? It is First-Expired-First-Out method. What is the first we have to notice about it? FEFO is a picking method, but it is not a costing method. This method is…

View On WordPress

[atotovic]

Calculating COGS in NAV

Calculating COGS in #MSDynNAV

Generally COGS (Cost of Goods Sold) is an unknown parameter that must be recorded and calculated. We have (or we can have) exactly information about Beginning Inventory and Net Purchases, but COGS depends of Costing Method: This is because it is connected with fluctuations over time in the unit acquisition costs of inventory items. COGS will be an unknown value until we choose costing method for…

View On WordPress

[atotovic]

Introduction in Dynamics NAV Costing

Introduction in #MSDynNAV Costing

In almost all NAV implementations, we need to configure and use costing (inventory, manufacturing, jobs…). This is one of the main functionalities in all ERP solutions as well as in NAV. Because of that I will prepare the series of costing articles with an overview of the principles used within the costing area. In this first part, I will make a small introduction about costing methods. Microsoft…

View On WordPress