Cost Updates
The Cost Updates List is the history of changes to item valuation. Every manual and system-driven change to standard or average cost is recorded here, so you can explain why an item's value moved and why margins shifted with it.
Where to find it
Go to Inventory > Cost Updates.
Filters Section
| Filter | What it does |
|---|---|
| Item | Show valuation changes for one product. |
| Date range | Restrict to a period. |
| Reference | Find a specific update. |
Cost Updates Table
| Column | Description |
|---|---|
| Reference | The unique ID. Click it to open the Cost Update View. |
| Item | The product whose cost changed. |
| Date | When the change was applied. |
| Old Cost / New Cost | The value before and after. |
| Value Change | The effect on inventory valuation. |
Data Insights
Cost changes move two numbers at once: the value of stock you hold, and the margin on everything sold from it afterwards. A large unexplained change here is usually a purchase entered at the wrong price — worth tracing back to the goods receipt.
Costs change from purchases at a different price, manual updates, and recalculation where Use Calculated Avg Cost is enabled in System Preferences.
Related pages
- Cost Update View — read one in detail
- Items View — current cost on an item
- System Preferences — average versus standard cost
- GRNs To Invoice — where purchase price differences arise