Actual Costing Method module Developed by Openinside Co. W.L.L. for Odoo ERP

👨‍💻𝑮𝑬𝑻 𝑪𝑶𝑺𝑻𝑺 𝑼𝑵𝑫𝑬𝑹 𝑪𝑶𝑵𝑻𝑹𝑶𝑳 📊

🎯Do you want an accurate and actual assessment of the value of your inventory❓

❗Here is your solution 👇

🔗𝑫𝒊𝒔𝒄𝒐𝒗𝒆𝒓 𝑴𝒐𝒓𝒆: https://apps.odoo.com/apps/modules/17...

ℹ️ The "Actual Costing Method" is a cost accounting system that assigns the actual material cost per lot/serial number instead of assigning an average cost of all the products in stock, getting the cost based on a FIFO mechanism, or using standard costing. This cost is typically acquired from purchase or manufacturing orders and produces accurate costing reports.

While Standard Costing in Odoo sets a pre-determined value per product, and First In First Out (FIFO) uses the cost of the oldest products received, and Average Costing (AVCO) calculates the average of all relevant products in stock. The Actual Costing Method assigns the real value of the received product and saves it. That value (cost) is then used in all subsequent operations/transactions.

The Actual Costing Method is a very useful method to reduce any variances in the costing process that may arise from the default costing methods. It gives a precise, actual cost to each individual product in the inventory and assists in knowing about and analyzing the purchase and manufacturing orders' costs in real-time, even before the orders are completed.


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