Update standard costs (IN502000)

This topic gives you information about the elements that you find in this window in Visma.net ERP, such as fields, field values, buttons, and check boxes.

By using this window, you can mass update standard costs.
You can view by warehouse the list of the stock items with pending standard costs and update the standard costs for all items displayed in the list or only those you select.

You can specify the pending standard costs for stock items on the Price/cost information tab of the Stock items (IN202500) window and override the costs for a particular warehouse by using the Item warehouse details (IN204500) window.
You can specify the pending standard costs for non-stock items in the Non-stock items (IN202000) window.

When standard costs are updated, the system generates adjustments for the items being processed to make the necessary cost corrections.

The top part

Use the elements in this area to select the warehouse where the standard costs will be updated and the latest effective pending cost date.

Button	Description
Process	Updates the standard costs for the stock items you have selected by using the unlabelled check boxes in the Details area.
Process all	Updates the standard costs for all stock items listed in the Details area.

Element	Description
Warehouse	Select the warehouse or leave this box empty to view the stock items for all warehouses. This field is only displayed if the Multiple warehouses functionality in the Enable/disable functionalities (CS100000) window is enabled.
Max. pending cost date	The latest effective pending cost date.
Revalue inventory	A check box that you select if inventory revaluation should be performed during processing.

The table

In this area, the stock items with pending standard costs are shown in a table, and you can select the items for which standard costs will be updated.

Column	Description
Item ID	The stock item whose pending standard cost can be updated.
Warehouse	The warehouse where the stock item is stocked. This column is only displayed if the Multiple warehouses functionality is enabled in the Enable/disable functionalities (CS100000) window.
Inventory account	The asset account to be used for the adjustment generated in the process of updating the standard cost of the item.
Inventory sub.	The corresponding subaccount to be used with the inventory account.
Pending cost	The value set as a pending cost for the item.
Pending cost date	The date selected for the stock item as the effective date for the pending cost.
Current cost	The currently effective standard cost assigned to the stock item.
Standard cost override	An informational check box that indicates (if selected) that the standard cost of the item may be overridden at the selected warehouse.