Tag Archives | standard cost

Dynamics GP Inventory Items

Dynamics GP allows you to add inventory items to track physical items and non-stock items. Creating an item record for non-stock items is handy because you can: include an extended description add pricing schedules identify specific GL account numbers for transaction processing If your tracking inventory quantities, you have 5 inventory valuation methods to choose […]

Continue Reading 0

Standard Cost Inventory Valuation in Dynamics GP

Generally our Dynamics GP clients who use the standard cost method to value inventory, use the Manufacturing module; and standard costs are easily managed in that module. However the Inventory Control module can be used to accurately maintain and track standard cost items using the FIFO Periodic and LIFO Periodic Inventory Valuation Methods.  Unfortunately the steps […]

Continue Reading 0