Understand Inventory Costing Methods in Odoo V15

[@javedshakir5156]

great, in one shot, you have covered 3 things, i.e., Purchasing, Sales, & Inventory.

[@audreydejesus4916]

Hi! Is there a way I can decide which cost to use based on the Purchase Price per company set in the Inventody>Product>Pruchase tab? Eg. 7-up I can buy it form different vendor for my different company. I have Company A price at 3 and Company B price at 5. Whenever i try to manufacture a product, with 7-up as a component, it still gets the cost set to this very product. (Shared within a company),.

[@scottmcintyre3595]

Great video Kevin thank you!

[@Umair6419550]

It is good but did you check it does not work fine When you use Rental process. Please make some video while handling the rental process and inventory. Thank you

[@KZAKI]

Rental is not directly connected to inventory in Odoo 15.

[@miguelmendoza5550]

I have a question, I have the fifo method but it doesnt add the tax at the purchase order so in theory the valuation is lower than the actual price that it was bought for because of tax no being included, how do i fix that?

[@KZAKI]

Depends on the country. In the US taxes are not part of the product cost. If you need the cost price to reflect a tax inclusive cost then you need to configure your taxes in settings. To do this you go to your tax and click advanced options then select "Included in Price".

[@alexsirros2927]

Standard cost example. You bought them at 50$ not at 100$ as you had intended. @ 1:43 This is something I find very annoying in a Odoo that you set a price then if you update the qty the price reverts to the product price.

[@KZAKI]

@@alexsirros2927 I agree. The reason is that everything is tied to a price list of sorts. I think it will be improved in future versions. This is a complaint I have heard many times.