A method in SAP Business One for recalculating the average or Standard price of items valued using the moving average method or standard price method.
Stock revaluation is used by companies that operate a perpetual inventory system.
There are different methods for performing inventory revaluations in SAP Business One:
- Revaluation of inventory based on average cost: In this case, the inventory is revalued based on the current average price of all purchases for a particular material or commodity.
- Revaluation of inventory based on unit cost: In this case, the inventory is revalued based on the last purchase price for each specific good or service.
- FIFO inventory revaluation (First In, First Out): In this procedure, the oldest purchases are sold first and the stock is revalued according to these sales.
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