Cost Updates
The Cost Update Detailed View explains how an item's standard or average cost was recalculated. It shows the arithmetic behind a change in inventory valuation, which is what lets you verify that a shift in margin was legitimate rather than a data error.
Where to find it
Open any reference from the Cost Updates List.
Transaction Header
| Field | Description |
|---|---|
| Reference | The unique cost update number. |
| Date | When the change was applied. |
| Created By | Who made it, or the process that triggered it. |
| Source | What caused the change — a purchase at a different price, a manual update, or recalculation. |
Line Details Tab
| Column | Description |
|---|---|
| Item | The product revalued. |
| Quantity On Hand | Stock held at the time of the change — the multiplier for the value effect. |
| Old Cost | The unit cost before. |
| New Cost | The unit cost after. |
| Value Change | The difference multiplied by quantity on hand. |
The value change is cost difference × quantity on hand, so the same price movement matters far more on a heavily stocked item. A small unit change across a large holding can move your inventory valuation noticeably.
Action Buttons
Print produces a record of the revaluation for your files.
Related pages
- Cost Updates List — the full history
- Items View — current cost on the item
- System Preferences — average versus standard cost
- GRNs To Invoice — where price differences originate