In addition, the Standard Cost field in Item Maintenance is now read only for items with a periodic valuation method.If you attempt to change the standard cost of a periodic item, you receive an error directing you to use the Change Item Standard Cost window instead.
Frank Hamelly MCP-GP, MCT, MVP East Coast Dynamics for the response Frank... What is the best method to update the pricing based on Vendor Item Number.
This allows a user to update the standard cost of an item and update the GL simultaneously.
This function is used on items set up with either the FIFO Periodic or LIFO Periodic valuation method.
Archer Point has worked with clients to suggest new standards in different ways.
For instance, use the last direct cost from the item card as the new standard.
What is the best way to keep my pricing in GP updated?