FIFO Fallback Costs

Fallback costs are a manually entered cost that will be used in the event there are no purchases entered for the product. When entering a fallback cost, you also set an Effective Date for that cost. If there are no purchases more recent than the Effective Date, the fallback cost will be used.

Feature Information

  • Functional Area: Finance
  • Roles Impacted: Accounting
  • Platform: eoStar Backend
  • Plugins: FIFO Plugin

Permissions

Plugins Panel

This permission controls if a user can access the FIFO Fallback Costs interface. For more information see: Plugins Panel.

Records > Employee > Records > Plugins panel:

  • GL > FIFO Purchase-cost Adjustments

Enter FIFO Fallback Costs

  1. Go to GL > FIFO Fallback Costs.
  2. Click Load to populate the table with any previously entered fallback costs.
  3. Click Add New to add a new cost.
    1. Select the Warehouse.
    2. Select the Item.
    3. Select the Effective Date.
    4. Click Add.
  4. Existing fallback costs can be edited by clicking on the cell you wish to update.
    • The Warehouse, Item #, Effective Date, and Cost can all be updated right in the table.
  5. Click Post to save your changes.
Updated on July 29, 2022

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