Item Last Costs
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 Cost feature helps businesses track the most recent purchase price of inventory items, enabling accurate pricing, cost analysis, and informed purchasing decisions, which improves profitability and inventory management.
For more information about costs in CustomBooks™, please see this knowledgebase article.
Viewing the List of Item Last Costs
The Item Last Costs list shows all inventory items with the last price you paid for them. Clicking on a line will open and navigate to the Purchase Order or the Bill where the last purchase was made.
To view the Item Last Costs List: Navigate to Inventory > Item Last Costs.
From the Item Last Costs List, you can:
- Find or search for an item. You can search by date, item code, item description, and cost.
- Export the list of Item Last Costs to Excel, PDF, or other formats.
- Add or remove columns/fields.
- Create multiple custom views using filters, sorting, ordering, and conditional appearance settings.