Feature Overview: Calculated Cost
Calculated cost in Yellow Dog Inventory is critically important because it serves as the foundation for financial accuracy and operational decision-making in inventory management.
You’ll find the calculated cost of an item in many areas of Yellow Dog, including:
- Item Details
- Reporting
- Physical Inventories
You’ll use an item’s calculated cost in Yellow Dog Inventory anytime you need an accurate, system-driven representation of what an item is worth—either for financial, operational, or analytical purposes.
All clients will have a calculated cost method selected to derive the calculated cost of items. The calculated cost method applied to your Yellow Dog Inventory is determined during the Implementation Process.
Calculated cost in Yellow Dog Inventory is automatically generated based on your selected cost method and reflects the item’s real cost by analyzing past receipts, invoices, and transaction history.
- Suitability: Multiple calculated cost methods are available, allowing you to analyze costs in a way that best aligns with your business structure. The calculated cost methods available include:
- Weighted Average (per store or all stores)
- Perpetual Weighted Average (per store or all stores)
- Historical Weighted Average (per store or all stores)
- Vendor Price (based on Default Vendor Price, but uses historical values)
- FIFO (per store)
- Consistency: Applies a system-driven method to costing, avoiding manual errors.
- Efficiency: Automates complex cost calculations.
- Insight: Reveals item-level cost evaluations.
Related Articles
FAQs: Weighted Average Cost Calculated Cost Method
The calculated cost method Weighted Average Cost is one of the available calculated cost methods in Yellow Dog Inventory. It’s important to choose the best calculated cost method for your business to ensure accurate, consistent, and audit-compliant ...FAQs: FIFO Calculated Cost Method
The calculated cost method FIFO (First In, First Out) is one of the available calculated cost methods in Yellow Dog Inventory. It’s important to choose the best calculated cost method for your business to ensure accurate, consistent, and ...FAQs: Historical Weighted Average Cost Calculated Cost Method
The calculated cost method Historical Weighted Average Cost is one of the available calculated cost methods in Yellow Dog Inventory. It’s important to choose the best calculated cost method for your business to ensure accurate, consistent, and ...FAQs: Perpetual Weighted Average Cost Calculated Cost Method
The calculated cost method Perpetual Weighted Average Cost is one of the available calculated cost methods in Yellow Dog Inventory. It’s important to choose the best calculated cost method for your business to ensure accurate, consistent, and ...FAQs: Why do inventory systems use calculated cost in reporting?
Q: Why do inventory systems use calculated cost in reporting? A: Inventory systems like Yellow Dog use calculated cost in reporting (determined by your selected calculated cost method) to simplify inventory valuation and reduce the impact of ...
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