{"id":19829,"date":"2018-07-24T06:58:00","date_gmt":"2018-07-24T06:58:00","guid":{"rendered":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=19829"},"modified":"2024-04-25T05:54:23","modified_gmt":"2024-04-25T05:54:23","slug":"how-system-fetch-most-recent-cost-of-particular-item-in-sage-300","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2018\/07\/24\/how-system-fetch-most-recent-cost-of-particular-item-in-sage-300\/","title":{"rendered":"How system fetch Most Recent Cost of particular Item in Sage 300?"},"content":{"rendered":"<p>Use the I\/C Items screen to:<\/p>\n<ul>\n<li>Add new items, and change or delete existing item records.<\/li>\n<li>Select the item structure and enter segment information for a new item number.<\/li>\n<\/ul>\n<p>Use the I\/C Item Pricing screen to:<\/p>\n<ul>\n<li>Assign items to price lists.<\/li>\n<li>Specify and edit item pricing information for each price list. If you have <a href=\"https:\/\/www.sagesoftware.co.in\/product-sage-300-erp\" target=\"_blank\" rel=\"noopener\">Sage 300<\/a> Premium ERP, you can also:<\/li>\n<li>Price volume discounts by quantity or weight.<\/li>\n<li>Enter one or more base prices for multiple units of measure.<\/li>\n<li>Calculate the base price using the cost plus a percentage or amount.<\/li>\n<\/ul>\n<p>Today in this blog we will discuss how do standard functionality work if Transaction and Functional both currencies are different<\/p>\n<p>Let&#8217;s take a simple example to understand this scenario<br \/>\nNow we are going to create PO Receipt Entry with below detail<br \/>\n<a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2018\/07\/PC2-4.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-19834 size-full\" title=\"Receipt entry\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2018\/07\/PC2-4.png\" alt=\"Receipt entry\" width=\"896\" height=\"647\" \/><\/a>After filling all the detail in the grid you can see as above Unit price gets updated automatically and we have set Default unit cost is \u201cMost recent cost\u201d<br \/>\nNow let&#8217;s see Most recent cost from IC Location details screen for the same details<br \/>\n<a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2018\/07\/NEW2-11.png\"><img decoding=\"async\" class=\"aligncenter wp-image-19860 size-full\" title=\"Location details\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2018\/07\/NEW2-11.png\" alt=\"Location details\" width=\"622\" height=\"311\" \/><\/a><strong>How are both Amount different?<\/strong><br \/>\nIf we can see both currencies, it means that the transaction and functional currencies are different and that\u2019s the reason why Rate tab gets enable in PO receipt screen (Refer above PO Receipt screen)<\/p>\n<p><strong>The logic for the Unit cost?<\/strong><br \/>\nWe have mentioned Rate if functional currencies differ than transaction currencies which is <strong>1.3668000 (Rate) * 21.369622 (Po Receipt unit cost )= <\/strong><strong>29.20799935 (same amount from IC location details screen<\/strong><\/p>\n<p><span style=\"font-size: Medium;\"><strong>About Us<\/strong><\/span><br \/>\n<a href=\"https:\/\/www.greytrix.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Greytrix<\/a> a globally recognized Premier Sage Gold Development Partner is a one stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.greytrix.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Greytrix<\/a> offers unique GUMU&#x2122; integrated solutions of\u00a0<a href=\"https:\/\/www.greytrix.com\/product\/sage-crm\/gumu-sage-300-erp-integration\" target=\"_blank\" rel=\"noopener noreferrer\">Sage 300 with Sage CRM,<\/a>\u00a0<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp\/gumu-300-salesforce-integration\" target=\"_blank\" rel=\"noopener noreferrer\">Salesforce.com\u00a0<\/a>and\u00a0<a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp\/ecommerce-magento-integration\" target=\"_blank\" rel=\"noopener noreferrer\">Magento eCommerce<\/a> along with Sage 300 Migration from <a href=\"https:\/\/www.greytrix.com\/resources\/sage-erp-crm-migration.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works<\/a>. We also offer best-in-class\u00a0<a href=\"https:\/\/www.greytrix.com\/product\/erp-development\/sage-300-erp-development\" target=\"_blank\" rel=\"noopener noreferrer\">Sage 300 customization and development services<\/a>\u00a0and integration service for applications such as <a href=\"https:\/\/www.greytrix.com\/product\/erp-development\/sage-300-integration-services\" target=\"_blank\" rel=\"noopener noreferrer\">POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP<\/a> and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services \u00a0to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/greymatrix-apparel-solution\" target=\"_blank\" rel=\"noopener noreferrer\">GreyMatrix<\/a>, <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/greytrix-document-attachement\" target=\"_blank\" rel=\"noopener noreferrer\">Document Attachment<\/a>, <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/greytrix-document-numbering\" target=\"_blank\" rel=\"noopener noreferrer\">Document Numbering<\/a>, <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/auto-bank-reconciliation\" target=\"_blank\" rel=\"noopener noreferrer\">Auto-Bank Reconciliation<\/a>, <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/purchase-approval-system\" target=\"_blank\" rel=\"noopener noreferrer\">Purchase Approval System<\/a>, <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/three-way-po-matching\" target=\"_blank\" rel=\"noopener noreferrer\">Three way PO matching<\/a>, <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/bill-of-lading\" target=\"_blank\" rel=\"noopener noreferrer\">Bill of Lading<\/a> and <a href=\"https:\/\/www.greytrix.com\/product\/sage-300-erp-add-ons\/vat-middle-east\" target=\"_blank\" rel=\"noopener noreferrer\">VAT for Middle East<\/a>.<\/p>\n<p>For more details on Sage 300 and 300c Services, please contact us at\u00a0<a href=\"mailto:accpac@greytrix.com\" target=\"_blank\" rel=\"noopener noreferrer\">accpac@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Use the I\/C Items screen to: Add new items, and change or delete existing item records. Select the item structure and enter segment information for a new item number. Use the I\/C Item Pricing screen to: Assign items to price lists. Specify and edit item pricing information for each price list. If you have Sage\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2018\/07\/24\/how-system-fetch-most-recent-cost-of-particular-item-in-sage-300\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[166,623,1482,1667,2167,2920],"class_list":["post-19829","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-amount","tag-currencies","tag-location-details","tag-most-recent-cost","tag-receipt","tag-unit-cost"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How system fetch Most Recent Cost of particular Item in Sage 300? - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2018\/07\/24\/how-system-fetch-most-recent-cost-of-particular-item-in-sage-300\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How system fetch Most Recent Cost of particular Item in Sage 300? - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"Use the I\/C Items screen to: Add new items, and change or delete existing item records. 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