{"id":10842,"date":"2017-09-29T10:44:57","date_gmt":"2017-09-29T10:44:57","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sagex3\/?p=10842"},"modified":"2019-03-04T10:10:01","modified_gmt":"2019-03-04T10:10:01","slug":"how-to-change-the-value-of-lots-in-x3-by-using-value-change-screen","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sagex3\/2017\/09\/29\/how-to-change-the-value-of-lots-in-x3-by-using-value-change-screen\/","title":{"rendered":"How to change the value of LOTs in X3 by using value change screen"},"content":{"rendered":"

In many industries when finished goods are produced, it takes all the production cost such as raw material cost, labor cost, machinery cost etc.<\/p>\n

However, over the time this cost varies if a product is not sold on time and is just lying around the warehouse. Then mostly the product cost is revised as per the market and product conditions. Also, these products can be in any location or any site in the system.<\/p>\n

Here, Sage X3 allows changing the value of the products from the Utility, Value change<\/strong><\/p>\n

1. Navigate: Stock >> Utilities >> Valuation >> Value change<\/strong><\/p>\n

\"Navigate

IMG: Navigate value change<\/p><\/div>\n

2. Here we have selected a product which is LOT managed and valuation method is Average LOT cost.<\/p>\n

3. You can alternatively change the standard cost of the product to change the individual LOT value.<\/p>\n

\"value

IMG: value change screen<\/p><\/div>\n

4. Note that the distribution should be selected as quantity to reflect the updated price.<\/p>\n

5. So you can either LOT value directly or enter average cost as desired.<\/p>\n

6. Then click on OK<\/p>\n

\"lots-value

IMG: lots-value change screen<\/p><\/div>\n

7. Now you can see that the average cost of this product is changed from previous 8.81 to 8.71<\/p>\n

\"IMG:

IMG: avg cost- value change screen<\/p><\/div>\n

8. Now run the stock accounting interface and the Value will get updated by hitting the journal of price variance.<\/p>\n

\"stock

IMG: stock interface screen<\/p><\/div>\n

9. The log will be generated and journal entry can be seen in Journal transactions.<\/p>\n

About Us<\/strong><\/span>
\nGreytrix<\/a> \u2013 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

Greytrix<\/a>\u00a0caters to a wide range of Sage Enterprise Management (Sage X3) offerings \u2013 a Sage Business Cloud Solution. Our\u00a0unique GUMU™ integrations include Sage Enterprise Management (Sage X3) for Sage CRM<\/a>,\u00a0Salesforce.com<\/a> and\u00a0Magento eCommerce<\/a>\u00a0along with Implementation and Technical Support worldwide for Sage Enterprise Management (Sage X3)<\/a>. Currently we are Sage Enterprise Management Implementation Partner<\/a> in East Africa, Middles East, Australia, Asia.\u00a0We also offer best-in-class\u00a0Sage X3 customization and development services<\/a>,\u00a0integrated applications such as POS<\/a> | WMS<\/a> | Payment Gateway<\/a> | Shipping System<\/a> | Business Intelligence<\/a> | eCommerce<\/a> and have developed add-ons such as Catch \u2013 Weight <\/a>\u00a0and Letter of Credit<\/a> for Sage Enterprise Management to Sage business partners, end users and Sage PSG worldwide.<\/p>\n

Greytrix is a recognized Sage Rockstar ISV Partner<\/a> for GUMU™ Sage Enterprise Management \u2013 Sage CRM integration also listed on Sage Marketplace<\/a>; GUMU™ integration for Sage Enterprise Management \u2013 Salesforce is a 5-star app listed on Salesforce AppExchange<\/a>.<\/p>\n

For more information on Sage X3 Integration and Services, please contact us at\u00a0x3@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

In many industries when finished goods are produced, it takes all the production cost such as raw material cost, labor cost, machinery cost etc. However, over the time this cost varies if a product is not sold on time and is just lying around the warehouse. Then mostly the product cost is revised as per\u2026 Read More »<\/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":[4,8],"tags":[296,1209,1822,1941],"class_list":["post-10842","post","type-post","status-publish","format-standard","hentry","category-faq","category-sage-erp-x3","tag-change-the-value-of-lot","tag-lot-cost","tag-sage-x3","tag-sage-x3-technical"],"_links":{"self":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/10842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/comments?post=10842"}],"version-history":[{"count":1,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/10842\/revisions"}],"predecessor-version":[{"id":17223,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/10842\/revisions\/17223"}],"wp:attachment":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/media?parent=10842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/categories?post=10842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/tags?post=10842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}