In an earlier blog, we discussed the various costing methods available in Dynamics 365 Business Central – FIFO, LIFO, Average, Standard, and Specific. Some clients have expressed confusion over when to use Specific costing and how that method relates to Serial Number Tracking in Business Central. Specific costing values each inventory item with the cost… Continue reading Using Specific Costing and Serial Number Tracking in Business Central
Category: Costing
Dynamics 365 Business Central Costing Methods and Application
Dynamics Business Central provides several costing methods tailored to meet various business needs. Understanding these methods and knowing when to apply them can significantly impact your financial decision-making and overall business success. Costing methods in D365 Business Central define how items are valued when they leave inventory and are designed to accurately allocate costs to… Continue reading Dynamics 365 Business Central Costing Methods and Application
How to Add Deferred Revenue and Expenses in Business Central
Alex Wiley, a PreSales Consultant at ArcherPoint, provides a quick, five-minute video tutorial on how to recognize revenue or an expense in Microsoft Dynamics 365 Business Central. In Business Central, a user can recognize a revenue or an expense outside the period that the actual transaction is posted, which can be helpful when automatically deferring… Continue reading How to Add Deferred Revenue and Expenses in Business Central
Why Standard Costing Is The Choice For Manufacturers
For manufacturers, selecting a costing method is one of the most important decisions you will need to make because it has an impact on your costs, budgets, and profits. If those aren’t reason enough to make a well-informed decision, keep in mind that changing costing methods mid-stream is going to cause complications because it impacts… Continue reading Why Standard Costing Is The Choice For Manufacturers
Two Options for Running Adjust Cost in Dynamics NAV When It Has Not Been Done Regularly
Running a successful business requires the ability to plan, forecast, and make strategic business decisions. To make these kinds of effective decisions you need access to reliable data: you need to know, on a real-time basis, what your costs and profits are. Fortunately, with Microsoft Dynamics NAV, the system does that for you: it updates… Continue reading Two Options for Running Adjust Cost in Dynamics NAV When It Has Not Been Done Regularly
ArcherPoint Dynamics NAV Developer Digest – vol 168
The NAV community, including the ArcherPoint technical staff, is made up of developers, project managers, and consultants who are constantly communicating, with the common goal of sharing helpful information with one another to help customers be more successful. As they run into issues and questions, find the answers, and make new discoveries, they post them… Continue reading ArcherPoint Dynamics NAV Developer Digest – vol 168
A Brief Definition of Time in Microsoft Dynamics NAV Manufacturing
In order to set up Routings in Dynamics NAV and understand their Cost Accounting effects, one needs to know how time is defined. In a Routing there are ‘Value Added Times’ and times just for scheduling purposes. Value Added Times Setup Time – The time to set up a machine or to get ready to… Continue reading A Brief Definition of Time in Microsoft Dynamics NAV Manufacturing
Using Send-Ahead Quantity in Microsoft Dynamics NAV Routings
From a production scheduling point of view, it may be advantageous to ‘overlap’ production steps to reduce the elapsed time to produce a lot of goods. From the APICS Dictionary Send-Ahead is the movement of a portion of a lot of material to a subsequent operation before completion of the current operation for all units… Continue reading Using Send-Ahead Quantity in Microsoft Dynamics NAV Routings
What are Rounding Value Entries in Microsoft Dynamics NAV?
We received a question recently from a client about an unexpected and unexplained Rounding Value Entry that was created by the Adjust Cost – Item Entries program in Dynamics NAV. The Rounding Value Entry was associated with a Purchase Receipt that was made several months before the Rounding Value Entry was created. The Purchase Receipt… Continue reading What are Rounding Value Entries in Microsoft Dynamics NAV?
Unexpectedly High New Standard Cost in Microsoft Dynamics NAV
There are times when you are using the Dynamics NAV Standard Cost Method and rolling up a Standard Cost for a Produced Item you get an unexpectedly high Standard Cost. A probable cause is that you have selected “Cost Includes Setup” in the Manufacturing Setup and that you have a setup time in a Routing… Continue reading Unexpectedly High New Standard Cost in Microsoft Dynamics NAV