Cost Updates
The Cost Update Detailed View provides a granular look at how an item's standard or average cost was modified. This view is vital for financial transparency, as it explains the mathematical logic behind a change in inventory valuation. By reviewing these details, the user can verify that the updated costs align with purchase history or manual valuation adjustments. To access this, click on any blue Reference Number link within the Cost Updates List.
Transaction Header
The top section contains the primary identification for the cost change.
- Reference: The unique system-generated ID for the cost update (e.g., 004/2026).
- Date: The calendar date and time the cost modification was applied to the system.
- Created By/On: Identifies the staff member who performed the update and the exact timestamp.
- Status Badge: A green "UPDATED" ribbon indicates the cost change is finalized and currently active for the associated item.
Line Details Tab
This tab lists the specific item affected and the logic of the price change.
- Item Code & Description: The unique identifier and name of the product (e.g., alpha99 - alpha99).
- Cost Update Logic: A descriptive summary of the change (e.g., "Cost was 1090 changed to -600"). This shows the original cost versus the newly assigned cost.
- Amount: The total financial variance recorded for this specific line item.
- Comment: Displays any additional context or reasons provided by the user for the cost override.
Action Buttons
The user can manage the record using the following controls:
- Void: Revert the cost change and return the item to its previous valuation (Note: This may be restricted if subsequent transactions have already used the updated cost).