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Item Substitutions in Microsoft Dynamics NAV

There are times in a manufacturing company where substitute items that are not on the Bill of Material are OK to use if the preferred item is not available. Often this substitution has to be approved by an engineer and is usually in the form of a ‘Usage Variance’. If substitutions are a common event,… Continue reading Item Substitutions in Microsoft Dynamics NAV

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.… Continue reading Ensuring All Items are Posted When Using a Nightly Batch Job

Reducing the Quantity of Inventory Sub-Ledger Entries

We often hear the comment that Dynamics NAV posts too many Inventory Sub-Ledger entries to the General Ledger. There is a way in Dynamics NAV to reduce the number of General Ledger entries when running the batch report “Post Inventory Cost to G/L”. When running the batch report, select “Per Posting Group” and the system… Continue reading Reducing the Quantity of Inventory Sub-Ledger Entries

Hints on Navigating on an Item Ledger Entry in Microsoft Dynamics NAV

We frequently use the Dynamics NAV Navigate tool and Microsoft Excel to verify Item Ledger Entry postings to the General Ledger. When Navigating on an Item Ledger Entry that involves both a purchase receipt and a purchase invoice, you must do two Navigations to see all of the General Ledger postings. We start our scenario… Continue reading Hints on Navigating on an Item Ledger Entry in Microsoft Dynamics NAV

Understanding Expected Cost Posting in Microsoft Dynamics NAV

There is an Inventory Setup in Dynamics NAV to select “Expected Cost Posting”. In an earlier blog, we explained some of general Effects of Inventory Setup. In this blog we will go deeper into Expected Cost Posting, and  explain what it means and its effects. Figure 1 – Inventory Setup contains an option to select… Continue reading Understanding Expected Cost Posting in Microsoft Dynamics NAV

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