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.
Continuous stock management in SAP Business One
In the area of finance, continuous inventory management is an essential component in SAP Business One. SAP B1, which is ...
Netting and creditors with debit balances
Netting and creditors with debit balances are two concepts used in finance to offset debts and receivables between companies ...
Payment advice in SAP Business One
In business, it is important to process payments quickly and efficiently. The payment advice note plays an important role in this. But what exactly ...
The SAP Business One posting periods
SAP Business One posting periods play an important role in finance. They facilitate the organisation, recording and documentation of financial transactions ...
Better SAP Business One booking texts
When talking about SAP Business One posting texts, many experienced users think of limitations they have to deal with....
New Year in SAP Business One
Every year the turn of the year in SAP Business One is coming up. Anything you only do once a year is...
