{"id":23,"date":"2011-06-21T04:15:00","date_gmt":"2011-06-21T04:15:00","guid":{"rendered":"http:\/\/greytrix.com\/Blogs\/sageaccpacerp\/?p=23"},"modified":"2024-12-12T11:00:57","modified_gmt":"2024-12-12T11:00:57","slug":"how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/","title":{"rendered":"How can I setup a company to hit the Inventory costing while PO Invoice Posting?"},"content":{"rendered":"<div dir=\"ltr\" style=\"text-align: left;\">\n<div style=\"text-align: justify;\"><span style=\"font-family: 'Calibri', 'sans-serif'; font-size: 11pt;\">My company purchases the Inventory but warehouse person is not aware of the Cost of the Inventory at that <span style=\"color: #1f497d;\">time of the <\/span>receipt of the Inventory. The costing is only known when the Receipt is Invoiced, in that case Accpac provides an option of updating the <span style=\"color: #1f497d;\">last <\/span>cost at <span style=\"color: #1f497d;\">\u201c<\/span>Receipt<span style=\"color: #1f497d;\">\u201d<\/span> or <span style=\"color: #1f497d;\">\u201c<\/span>Invoice<span style=\"color: #1f497d;\">\u201d<\/span> Posting which can selected in the PO Setup. <span style=\"color: #1f497d;\">Thus the user can select the Invoice Posting in the above case.<\/span>However this option updates only Last Cost and Most Recent cost of the Inventory depending on the option selected. <\/span><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><span style=\"font-family: 'Calibri', 'sans-serif'; font-size: 11pt;\">By default, Purchase Orders updates costs when you post receipts, and it will not change these costs when you post invoices.<\/span><span style=\"font-family: 'Calibri', 'sans-serif'; font-size: 11pt;\">This means that if you don&#8217;t have final costs on your receipts, you should change this setting to update costs when you post invoices.<\/span><\/div>\n<div style=\"text-align: justify;\"><span style=\"font-family: 'Calibri', 'sans-serif'; font-size: 11pt;\"><br \/>\nThis option is in PO Setup\/Options\/Processing&#8212;<\/span><span style=\"font-family: Wingdings; font-size: 11pt;\">\u00e0<\/span><span style=\"font-family: 'Calibri', 'sans-serif'; font-size: 11pt;\"> Update Most Recent cost and Last Cost at <\/span><span style=\"font-family: Wingdings; font-size: 11pt;\">\u00e0<\/span><span style=\"font-family: 'Calibri', 'sans-serif'; font-size: 11pt;\"> Receipt Costing\/Invoice Costing.<\/span><\/div>\n<div style=\"text-align: justify;\"><span style=\"font-family: 'Calibri', 'sans-serif'; font-size: 11pt;\">The <b>drawback<\/b> within this option is if the company has selected the Receipt costing as their setting i.e. the costing will be affected as soon as the goods are Received. But in one of the rare cases the Receipt amount was not matched with the Invoice amount, however the costing gets updated with the Receipt cost as per the setting. Thus the cost will be different than that of Invoice.<\/span><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div class=\"separator\" style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"http:\/\/3.bp.blogspot.com\/-oJiStSjHJ5o\/TgAaDiy3JJI\/AAAAAAAABc4\/aN1GPIVoxEE\/s1600\/PO_Options_ACCPAC.jpg\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone\" title=\"P\/O Option\" src=\"http:\/\/3.bp.blogspot.com\/-oJiStSjHJ5o\/TgAaDiy3JJI\/AAAAAAAABc4\/aN1GPIVoxEE\/s1600\/PO_Options_ACCPAC.jpg\" alt=\"P\/O Option\" width=\"400\" height=\"327\" border=\"0\" \/><\/a><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>My company purchases the Inventory but warehouse person is not aware of the Cost of the Inventory at that time of the receipt of the Inventory. The costing is only known when the Receipt is Invoiced, in that case Accpac provides an option of updating the last cost at \u201cReceipt\u201d or \u201cInvoice\u201d Posting which can\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/\">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":[],"class_list":["post-23","post","type-post","status-publish","format-standard","hentry","category-sage-accpac"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How can I setup a company to hit the Inventory costing while PO Invoice Posting?<\/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\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How can I setup a company to hit the Inventory costing while PO Invoice Posting?\" \/>\n<meta property=\"og:description\" content=\"My company purchases the Inventory but warehouse person is not aware of the Cost of the Inventory at that time of the receipt of the Inventory. The costing is only known when the Receipt is Invoiced, in that case Accpac provides an option of updating the last cost at \u201cReceipt\u201d or \u201cInvoice\u201d Posting which can\u2026 Read More &raquo;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/\" \/>\n<meta property=\"og:site_name\" content=\"Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"article:published_time\" content=\"2011-06-21T04:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T11:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/3.bp.blogspot.com\/-oJiStSjHJ5o\/TgAaDiy3JJI\/AAAAAAAABc4\/aN1GPIVoxEE\/s1600\/PO_Options_ACCPAC.jpg\" \/>\n<meta name=\"author\" content=\"sage300\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sage300\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/\",\"url\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/\",\"name\":\"How can I setup a company to hit the Inventory costing while PO Invoice Posting?\",\"isPartOf\":{\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/3.bp.blogspot.com\/-oJiStSjHJ5o\/TgAaDiy3JJI\/AAAAAAAABc4\/aN1GPIVoxEE\/s1600\/PO_Options_ACCPAC.jpg\",\"datePublished\":\"2011-06-21T04:15:00+00:00\",\"dateModified\":\"2024-12-12T11:00:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/#\/schema\/person\/1aced4e22c30ccf606960de27c9542f5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/#primaryimage\",\"url\":\"http:\/\/3.bp.blogspot.com\/-oJiStSjHJ5o\/TgAaDiy3JJI\/AAAAAAAABc4\/aN1GPIVoxEE\/s1600\/PO_Options_ACCPAC.jpg\",\"contentUrl\":\"http:\/\/3.bp.blogspot.com\/-oJiStSjHJ5o\/TgAaDiy3JJI\/AAAAAAAABc4\/aN1GPIVoxEE\/s1600\/PO_Options_ACCPAC.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2011\/06\/21\/how-can-i-setup-a-company-to-hit-the-inventory-costing-while-po-invoice-posting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How can I setup a company to hit the Inventory costing while PO Invoice Posting?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/#website\",\"url\":\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/\",\"name\":\"Sage 300 ERP \u2013 Tips, Tricks and Components\",\"description\":\"Explore the world of Sage 300 with our insightful blogs, expert tips, and the latest updates. 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