Costing methods are an essential part of accurate inventory management and financial transparency for any organization. Without them, tracking inventory value and profitability can become complex and difficult to manage.
Odoo 17 supports three key costing methods:
💰 Standard Price: Keeps inventory costs fixed, regardless of purchase price changes.
📊 Average Cost (AVCO): Dynamically updates inventory cost based on the average of purchase prices.
🔄 First In, First Out (FIFO): Assigns inventory values based on the order of receipt.
🛠 What You’ll Learn in This Video:
1️⃣ How to configure costing methods in Odoo 17 for effective inventory valuation.
2️⃣ Step-by-step demonstrations of how costing impacts product valuation.
3️⃣ Practical examples to understand the role of costing in inventory management.
4️⃣ Tips for adapting costing methods to suit your business needs.
Thanks for watching! 👍 Have questions? Drop them in the comments below. Don’t forget to subscribe for more Odoo tutorials and tips. See you next time!
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