Hi Lee
What costing method are you using? If you were using latest/FIFO cost, this
would happen, as the £ costs are created at time of purchase/receipt.
If you would like, I can call privately to discuss in more detail.
Regards
Simon Sherwood
----- Original Message -----
From: "Lee Greenwood" <leegreenwood@xxxxxxxxxxxxxxx>
To: <system21@xxxxxxxxxxxx>
Sent: Tuesday, May 06, 2008 10:34 AM
Subject: [SYSTEM21] Need to update material cost from purchase price
Hi,
We are a UK based company but most of the items we purchase are from the US
in US$. The accounts department report in GBP £ which never used to be a
problem as they had an exchange rate setup for the entire year. Now they
have started to adjust the exchange rate at the beginning of each month
which is distorting the stock value. What I would like to know is, is there
anyway of forcing the system to change the material cost fields for all
parts in a stockroom based on the current $ purchase price / current
exchange rate. As we use landed costs these will also need to be added to
the material cost to give the current standard cost.
I could write a program to do all this, but I would have thought it was
already possible.
Any help would be appreciated. Thanks.
Lee Greenwood
IT Manager - Titan Europe Plc
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