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.comAxapta-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