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

Ensuring All Items are Posted When Using a Nightly Batch Job

Running Adjust Cost-Item Entries and Posting Cost to G/L in Microsoft Dynamics NAV Whether you use the Dynamics NAV automatic features to run the Adjust Cost-Item Entries and Post Cost to G/L processes during nightly batches or run them manually, nearly all of the time these processes work correctly and produce the correct results. However,… Continue reading Ensuring All Items are Posted When Using a Nightly Batch Job

Unit and Standard Cost Not Equal on NAV Inventory Valuation Report

We received a call recently from a client who said when they run the Dynamics NAV Inventory Valuation Report that the unit cost on the report is not equal to the Standard Cost of the Item. To illustrate, see the example below. The Standard Cost for Item 1000 is 427.499, but when we run the… Continue reading Unit and Standard Cost Not Equal on NAV Inventory Valuation Report

Setting Up Production Lead Time in Dynamics NAV if Not Using Routings

There are manufacturing companies using Dynamics NAV that want to offset the start time on production orders to accommodate production time even though they are not using Routings. To illustrate, we set up a test item. Note that the item has a BOM, but not a Routing. Figure 1 – To offset start time on… Continue reading Setting Up Production Lead Time in Dynamics NAV if Not Using Routings