Using GP ver 8.0
We are getting some strange costings when processing stocktake variances. We had assumed that costs were based on Current Cost.
Checking the Help data on this subject revealed the following comment "Cost information for variance transactions will be based on the cost of the items at the time of the stock count. Cost information is based on the item’s cost trends, so variance transactions might not match the true cost of the items."
Can anybody out there explain what "the item's cost trends" means and how or when this will vary from the Current Cost ??
Also, does the cost of a stocktake variance have an effect on the Current Cost ?
We are getting some strange costings when processing stocktake variances. We had assumed that costs were based on Current Cost.
Checking the Help data on this subject revealed the following comment "Cost information for variance transactions will be based on the cost of the items at the time of the stock count. Cost information is based on the item’s cost trends, so variance transactions might not match the true cost of the items."
Can anybody out there explain what "the item's cost trends" means and how or when this will vary from the Current Cost ??
Also, does the cost of a stocktake variance have an effect on the Current Cost ?
