The Reset Average Cost Update Parameter sets the Inventory database record Average Cost field to Last Cost when items are received.
If Reset Average Cost is enabled, the Cost from the Purchase Invoice line item is used to set the Average Cost field to Last Cost if both Distribute Discount and Distribute Shipping are set to None and Update Average Cost is disabled. If either Distribute Discount or Distribute Shipping are enabled, Average Cost is updated, rather than set to Last Cost. Note: If Update Average cost is enabled, and the item's Quantity on Hand is less than zero, Average Cost is set to Last Cost to prevent Keystroke from calculating the Average Cost based on a negative Quantity On Hand, which can result in an inaccurate Average Cost.
If Reset Average Cost is disabled, and Update Average Cost is enabled, Average Cost is updated even if the item's Quantity On Hand is less than zero. Note: If Reset Average Cost and Update Average Cost are both disabled, Average Cost is not changed at all.
To set this parameter:
- Select Parameters from the Purchase Manager Transaction Menu.
- Select Update.
- Select Reset Average Cost on the Update Parameters screen.
- Use the mouse or the [Space Bar] to turn the parameter ON or OFF.
- Select [OK] or press [F10] to save.
Purchase Manager - Parameters - Update
Purchase Manager - Parameters
Purchase Manager Contents