![]() ![]() Receipts into inventory are represented by vertical arrows above the timeline. Inventory transactions are represented by vertical arrows. Inventory close was performed using the direct settlement method to settle the inventory financial receipt to the inventory financial issue. Inventory financial issue updated for a quantity of 2 at a cost of USD 10.00 eachģ. Inventory physical issue updated for a quantity of 2 at a cost of USD 10.00 eachĢb. Inventory financial receipt updated for a quantity of 5 at a cost of USD 10.00 eachĢa. Inventory physical receipt updated for a quantity of 5 at a cost of USD 10.00 eachġb. The following transactions are illustrated in the graphic below:ġa. During inventory close, Microsoft Dynamics AX will settle the receipt directly against the issue, and no adjustment to the cost price is needed on issue. In the scenario below, a financially updated receipt and issue have been posted. ![]() Only issues have been posted in the period and the inventory contains on-hand items from a previous closing One receipt and one or several issues has been posted in the period Microsoft Dynamics AX uses this direct settlement principle in certain specific situations: The system will settle directly between receipts and issues. The direct settlement principle used in this version of Microsoft Dynamics AX is the same used for weighted average in earlier versions of the product. Weighted average date summarized settlement with the Include physical value option Weighted average date direct settlement with the Include physical value option ![]() Weighted average date summarized settlement without the Include physical value option Weighted average date direct settlement without the Include physical value option The following examples illustrate the impact of using weighted average with five different configurations: Note For more information about settlements in Microsoft Dynamics AX, see About inventory close. Settlements are inventory close postings that adjust the issues to the correct weighted average as of the closing date. This analysis is to determine which of the following closing principles should be used: On the date of inventory close, Microsoft Dynamics AX will analyze the inventory transactions for previous periods, previous days, and the current day. This estimated cost price is also referred to as the running average cost price. Inventory transactions leaving the inventory, including sales orders, inventory journals, and production orders, occur at an estimated cost price on the date of posting. Weighted average = (Q1*P1 + Q2*P2 + Qn*Pn) / (Q1 + Q2 + Qn)ĭuring inventory close, the calculation will be executed daily through the closing period as illustrated in the following graphic.In Microsoft Dynamics AX, the weighted average date costing method is calculated by the following formula: We recommend a monthly inventory closing when you use the weighted average date inventory model. This means you do not use the weighted average date rule. When you use weighted average date, you can mark inventory transactions so that a specific item receipt is settled against a specific issue. Likewise, if only issues occur on the date, there are no receipts from which to value the average, and the virtual transfer will not be created. This is because all issues are settled from it and the virtual transfer will not be created. If only one receipt has occurred on or before the date, you do not have to value the average. The virtual issue and receipt can be seen as a virtual transfer, which is named the weighted average inventory closing transfer. In this manner, all issues get the same average cost. This virtual issue has a corresponding virtual receipt from which the issues will be settled. This holds the total received quantity and value for that day. When you run an inventory closing with weighted average date, all daily receipts are settled against a virtual issue. Weighted average date is an inventory model based on the weighted average principle, where issues from inventory are valued at the average value of the items that are received into inventory for each separate day in the inventory closing period. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.Īpplies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012 For the latest documentation, see Microsoft Dynamics 365 product documentation. This content is archived and is not being updated. ![]()
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