Inventory costing method 1: average costing

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For the Average Costing method, inventory adjustments accumulate for manual review by a cost accountant before posting records to the matching tables. This allows cost accountants to adjust cost at the aggregate item level and cancel out adjustments.

The Sterling Order Management System Software Average Costing functionality includes:

  • Defining inventory costs within Sterling Order Management System Software
  • Capturing relevant costs during purchase order execution and sales execution
  • Ensuring that the correct and most current costs are passed from Sterling Order Management System Software to a target financial (A/P, A/R and G/L) application
  • The ability to view the current monetary value of inventory within Sterling Order Management System Software at any point in time