CustomBooks™ uses the Item Last Cost on Purchase Orders when adding an item. The Item Last Cost is the amount that you last paid for this item on a Bill / Bill Payment recorded in CustomBooks™. For more about last costs, see this article.
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Item Last Cost The Last Cost is the most recent purchase price of an item. It is derived from the cost on the Bill received for a Purchase Order. Inventory adjustments, item receipts, and assembly builds also update an item's Last Cost. The Item Last ...
Introduction This extension allows users to choose between item expected cost (from the Item Detail Card) and item last cost 9cost the last time the item was purchased) when creating purchase orders. The Purchase Order draft is automatically updated ...
Understanding Item Last Cost The Item Last Cost refers to the cost of an item from its most recent purchase or receiving transaction (through an Item Receipt or Bill) and inventory adjustment. It reflects the last price paid for that specific item, ...
Inventory Details Overview Understanding inventory details, such as item costs, quantities, and location information, is essential for effective inventory management. Accurate insights into these details ensure proper stock control, cost tracking, ...
Costs AccountingSuite uses the following terms when reporting costs for an item: Standard (or expected) cost - this is in the expected cost field on the item card. It is entered manually and is stored as entered. This number is not used in any ...