Hi,
The transactions already being settled is not a part of this process,
Only the transactions which are open gets effected with the new price and
the new model. Because after changing the costing method, the system will
settle the inventory only with the open inventory transactions.
Before changing the inventory model group, close the inventory. All of the
existing inventory transactions are at std cost price so no adjustment entry
gets passed. After this change the model group to FIFO. Existing entries are
already there with the std price and new entries will come at new purchase
price. At the time of consumption system will calculate the costing with the
FIFO method.
Regards,
Mukesh
On Mon, Mar 23, 2009 at 2:19 PM, Axapta Consultant <
consultant.axa...@yahoo.com> wrote:
>
> Yes I am using AX 2009, I have followed the following procedure, but still
> the following messages is poping up on change of costing method.
>
> "The item is set to be evaluated by inventory model ‘Standard cost'. The
> system cannot convert the item to be evaluated by an inventory model of type
> ‘Transactions settled’ only inventory models of type ‘Transactions not
> settled’ can be selected."
>
> Kindly help me out in this regard ASAP.
>
> Thanks
>
>
> ------------------------------
> *From:* edwardjosling <edwardjosl...@hotmail.com>
> *To:* Axapta-Knowledge-Village@yahoogroups.com
> *Sent:* Sunday, March 22, 2009 12:43:32 PM
> *Subject:* [Axapta-Knowledge-Village] Re: Changing Inventory Valuation
> Method
>
> Hi There
>
> I assume you are refering to Ax2009?
>
> I would suggest trying the following:
> - Make inventory zero
> - Do closing to settle all transactions (not sure if this would be
> necessary?)
> - Change model group to FIFO
> - Bring all inventory back in
>
> Other things to consider would be the costing version the item pricing is
> attached to. Not sure if that also should be "closed"?
>
> Regards
> Eddie
>
> --- In Axapta-Knowledge- vill...@yahoogro
> ups.com<Axapta-Knowledge-Village%40yahoogroups.com>,
> Axapta Consultant <consultant. axa...@.. .> wrote:
> >
> >
> >
> >
> >
> > Hi,
> >
> > How can I change the inventory model group from Standard Cost to FIFO of
> an Item which has got transaction and price is enabled with Standard Cost.
> If I change the inventory model group it prompts following message
> >
> > "The item is set to be evaluated by inventory model Standard cost. The
> system cannot convert the item to be evaluated by an inventory model of type
> Transactions settled only inventory models of type â˜Transactions not
> settled can be selected."
> > Â
> > I'll be thankful for quick response and solution..
> >
> > Thanks
> >
>
>
>
>
--
Mukesh Mutreja
# 09818421567
