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#55839 - 12/19/17 04:14 PM How To Find Out Which Costing Method is Used
richlocus Offline
Marco Pharma, LLC

Registered: 09/26/17
Posts: 21
Loc: Oregon
Hello again blush
How can we tell which costing method was set up when our system was installed? The people who set that up are no longer with the company. Average, LIFO, or FIFO? We are trying to reconcile costs in the ICItem123Master with our purchase history and BOM.
Thanks
_________________________
Rich Locus
Marco Pharma, LLC

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#55841 - 12/19/17 05:16 PM Re: How To Find Out Which Costing Method is Used [Re: richlocus]
Bruce Gardner Offline
Adagio Wizard

Registered: 06/15/04
Posts: 3669
Loc: Toronto ON, Canada
There can be more than one costing method used. Look on the Edit menu for "Control Accounts". You will have at least one Control Account but you could have more. Each of them will have its own Costing Method, though they are often the same. Then look at the Inventory items; each must have a Control Account assigned to it.
_________________________
Bruce Gardner
ARX Business Solutions Inc.

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#55856 - 12/20/17 10:43 AM Re: How To Find Out Which Costing Method is Used [Re: Bruce Gardner]
richlocus Offline
Marco Pharma, LLC

Registered: 09/26/17
Posts: 21
Loc: Oregon
Thanks Bruce!
_________________________
Rich Locus
Marco Pharma, LLC

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