Hi,
I am new to NAV. Can anyone explain how the 'Unit Amount' is calculated in the item journal? :roll:
What is the difference between the 'Unit Cost' and the 'Unit Amount' in the item journal? I understand the 'Unit Cost' in the item journal line as calculated by adding overhead rate and indirect cost to the unit cost in the item card.
Appreciate an immediate response.
Thanks
0
Comments
Unit amount is the selling amount of an item. Unit cost is the calculated purchase cost from the vendor or final manufactured cost. Depends from the costing method used.
Hope that helps
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
That means even we do positive adjustments , Purchase (for example) , we better to use Unit amount field only.
even we do Negitive adjust, sales(for example)then use Unit amount field
is it correct ?
Hi,
I would suggest you to try to use F1 for any help regarding fields other functionality.
to your question the help reads like this...
Ritesh K Singh
Thanks for all the help. But still, I am not very clear about this. I have tried the following scenario.
I have created a new item. Costing Method-FIFO
Indirect Cost%-10
Last Direct Cost-80
Unit Price-130
Gen.Product Posting Group-NO VAT, VAT Product Posting Group-NO VAT
Inventory Posting Group-FINISHED
Then I have purachsed 100 of the item @ 80. Then the unit cost is updated to 88, which I understand.
In the item journal, when I try to do a positive adjustment, the Unit Amount is shown as 80 and Unit Cost 96.80 (The calculation of Unit Cost is clear to me, but not the Unit Amount.
Then again I purchase 100 @ 90. Then the Unit Cost is updated to 93.5 ((8800+9900)/200)
In the Item Journal when I try to do a positive adjustment, the Unit Amount is shown as 85 :-k
I dont understand how 85 becomes the Unit Amount!!!!!!!!!!!!!!!!!!!!!!!
Can anyone help please???????
Thanks
"Unit Amount" := ROUND(
((UnitCost - "Overhead Rate") * "Qty. per Unit of Measure") / (1 + "Indirect Cost %" / 100),
GLSetup."Unit-Amount Rounding Precision");
Ritesh K Singh
Your answer solved my issue
Thanks for everyone again for all the replies!!!!!