Costing and Production Options in Microsoft Dynamics NAV

Microsoft Dynamics NAV can help companies in so many ways: streamlining accounting procedures, simplifying invoicing, and increasing efficiency of supply chain operations to name just a few. However, the software’s effectiveness is only as good as its use. We often find clients who have forgotten to conduct regular processes. While not an ideal situation, there is a solution in most cases.

Bron : ArcherPoint
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Costing Issue in Microsoft Dynamics NAV

I was surprised to find this major error in one of our client’s Microsoft Dynamics NAV instance. It came about when they converted an Item from produced to purchased. They changed the replenishment system field from Prod. Order to Purchased. They had left the BOM and routing attached in the BOM and Routing fields on the Item Card in case they ever needed to produce the items in the future.

Bron : ArcherPoint
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Costing in NAV – Inventory Posting

Costing methods usually differ in the way that they value inventory decreases. But, regardless of what costing type you use, all of them have minimum one common thing. When the quantity on inventory is zero, the inventory value must also be zero. The next common thing is way of the posting all incoming and outgoing entries.

Bron : Totovic NAV Blog
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Introduction in Dynamics NAV Costing

In almost all NAV implementations, we need to configure and use costing (inventory, manufacturing, jobs…). This is one of the main functionalities in all ERP solutions as well as in NAV. Because of that I will prepare the series of costing articles with an overview of the principles used within the costing area.

Bron : Totovic NAV Blog
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Specific Costing Method and Serial Number Tracking in Dynamics NAV

Dynamics NAV allows us to choose between FIFO, LIFO, Specific, Average, or Standard Costing Methods (see the related blog, Which Microsoft Dynamics NAV Costing Method Should Manufacturers Choose?) We have not encountered many companies using the Specific Costing Method, but there seems to be some misunderstanding of how the Specific Costing Method requires Serial Number Tracking and vice versa.

Bron : ArcherPoint
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