{"id":6850,"date":"2023-09-26T10:06:00","date_gmt":"2023-09-26T08:06:00","guid":{"rendered":"https:\/\/www.sysfinpro.com\/?p=6850"},"modified":"2023-09-26T10:19:15","modified_gmt":"2023-09-26T08:19:15","slug":"kb20210624-01-sage-200-evolution-tip-trick-how-to-bulk-change-inventory-items-costing-methods-and-understanding-the-financial-impact-of-doing-so","status":"publish","type":"post","link":"https:\/\/www.sysfinpro.com\/index.php\/kb20210624-01-sage-200-evolution-tip-trick-how-to-bulk-change-inventory-items-costing-methods-and-understanding-the-financial-impact-of-doing-so\/","title":{"rendered":"Sage 200 Evolution Tip &#038; Trick &#8211; How to bulk change Inventory items costing methods and understanding the financial impact of doing so."},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><a href=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2022\/09\/Sage-200-Evolution.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2022\/09\/Sage-200-Evolution.png\" alt=\"\" class=\"wp-image-10994\" style=\"width:321px;height:80px\" width=\"321\" height=\"80\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2022\/09\/Sage-200-Evolution.png 1024w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2022\/09\/Sage-200-Evolution-300x75.png 300w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2022\/09\/Sage-200-Evolution-768x193.png 768w\" sizes=\"auto, (max-width: 321px) 100vw, 321px\" \/><\/a><\/figure>\n\n\n\n<p class=\"has-text-align-center has-palette-color-1-color has-text-color has-medium-font-size\"><strong>Below steps will explain how to bulk change Inventory items costing methods and understanding the financial impact of doing so.<\/strong><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 1<\/strong> &#8211; Backup the company<\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 2<\/strong> &#8211; Ensure all users are logged out of the company<\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 3<\/strong> &#8211; Go to Inventory | Maintenance | Inventory Defaults | Adjustments<\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 4<\/strong> &#8211; Notice the ADJ (or any current) Transaction Code below<\/p>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><a href=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-1.png\" alt=\"\" class=\"wp-image-6862\" style=\"width:566px;height:313px\" width=\"566\" height=\"313\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-1.png 468w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-1-300x166.png 300w\" sizes=\"auto, (max-width: 566px) 100vw, 566px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 5<\/strong> &#8211; Edit the ADJ \/ Current Transaction code to confirm, and change the GL accounts if needed on its setup screen<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><a href=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-2.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-2.png\" alt=\"\" class=\"wp-image-6863\" style=\"width:564px;height:385px\" width=\"564\" height=\"385\"\/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 6<\/strong> &#8211; Go to Inventory | Maintenance | Global Item Change<\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 7<\/strong> &#8211; Setup the various inventory item range filters in the &#8220;From&#8221; and &#8220;To&#8221; fields<\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 8<\/strong> &#8211; On the Costing Method tab below, select the Update Costing Method option and the relevant new Costing Method e.g. Latest Cost in this case<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><a href=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-3.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-3.png\" alt=\"\" class=\"wp-image-6864\" style=\"width:565px;height:584px\" width=\"565\" height=\"584\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-3.png 388w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-3-290x300.png 290w\" sizes=\"auto, (max-width: 565px) 100vw, 565px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 9<\/strong> &#8211; When done, click the OK button above<\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 10<\/strong> &#8211; Click the Yes button on the message prompts below<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><a href=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-4.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-4.png\" alt=\"\" class=\"wp-image-6865\" style=\"width:439px;height:188px\" width=\"439\" height=\"188\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-4.png 331w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-4-300x129.png 300w\" sizes=\"auto, (max-width: 439px) 100vw, 439px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 11<\/strong> &#8211; When done, click the OK button<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><a href=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-5.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-5.png\" alt=\"\" class=\"wp-image-6866\" style=\"width:451px;height:186px\" width=\"451\" height=\"186\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-5.png 334w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-5-300x124.png 300w\" sizes=\"auto, (max-width: 451px) 100vw, 451px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><strong>Step 12 <\/strong>&#8211; Inspect the financial impact of the above inventory cost method global change by going to General Ledger | Enquiries | Ledger Enquiries and selecting the relevant Inventory Control account as used on the ADJ (or your specific) Transaction Code, and the relevant date range at the top of the screen.<\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\"><em>Note &#8211; The transactions below that were automatically posted due to changing the<\/em> <em>costing method as expected.<\/em><\/p>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-medium-font-size\">This is correct and required as changing between costing methods for example, from Average Unit Cost to Latest Unit Cost, may have a financial impact according to general accounting principles. This is also true if the inventory item\/s had an Average Cost value which was different than the for example, Latest Unit Cost as processed on the item\/s.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><a href=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-6.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-6.png\" alt=\"\" class=\"wp-image-6867\" style=\"width:698px;height:383px\" width=\"698\" height=\"383\" srcset=\"https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-6.png 550w, https:\/\/www.sysfinpro.com\/wp-content\/uploads\/2021\/06\/evo-6-300x165.png 300w\" sizes=\"auto, (max-width: 698px) 100vw, 698px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Below steps will explain how to bulk change Inventory items costing methods and understanding the financial impact of doing so. Step 1 &#8211; Backup the company Step 2 &#8211; Ensure all users are logged out of the company Step 3 &#8211; Go to Inventory | Maintenance | Inventory Defaults | Adjustments Step 4 &#8211; Notice [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[51,56],"tags":[],"class_list":["post-6850","post","type-post","status-publish","format-standard","hentry","category-erp","category-200evo"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"qubely_featured_image_url":null,"qubely_author":{"display_name":"SysFinPro","author_link":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/\" rel=\"category tag\">ERP<\/a> <a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/200evo\/\" rel=\"category tag\">Sage 200 Evolution<\/a>","qubely_excerpt":"Below steps will explain how to bulk change Inventory items costing methods and understanding the financial impact of doing so. Step 1 &#8211; Backup the company Step 2 &#8211; Ensure all users are logged out of the company Step 3 &#8211; Go to Inventory | Maintenance | Inventory Defaults | Adjustments Step 4 &#8211; Notice&hellip;","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","qubely_landscape":"","qubely_portrait":"","qubely_thumbnail":""},"post_excerpt_stackable_v2":"<p>Below steps will explain how to bulk change Inventory items costing methods and understanding the financial impact of doing so. Step 1 &#8211; Backup the company Step 2 &#8211; Ensure all users are logged out of the company Step 3 &#8211; Go to Inventory | Maintenance | Inventory Defaults | Adjustments Step 4 &#8211; Notice the ADJ (or any current) Transaction Code below Step 5 &#8211; Edit the ADJ \/ Current Transaction code to confirm, and change the GL accounts if needed on its setup screen Step 6 &#8211; Go to Inventory | Maintenance | Global Item Change Step 7&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/\" rel=\"category tag\">ERP<\/a>, <a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/200evo\/\" rel=\"category tag\">Sage 200 Evolution<\/a>","author_info_v2":{"name":"SysFinPro","url":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sage 200 Evolution Tip &amp; Trick - How to bulk change Inventory items costing methods and understanding the financial impact of doing so. - SysFinPro (Pty) Ltd.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sysfinpro.com\/index.php\/kb20210624-01-sage-200-evolution-tip-trick-how-to-bulk-change-inventory-items-costing-methods-and-understanding-the-financial-impact-of-doing-so\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sage 200 Evolution Tip &amp; Trick - How to bulk change Inventory items costing methods and understanding the financial impact of doing so. - SysFinPro (Pty) Ltd.\" \/>\n<meta property=\"og:description\" content=\"Below steps will explain how to bulk change Inventory items costing methods and understanding the financial impact of doing so. 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