05-May-2018 IMPORTANT: Notification regarding Inventory Valuation and Cost of Goods Sold (COGS) Logic revamped

Dear Customer,

Greetings from Ginesys.

We take pleasure to inform you that Ginesys has completely revamped the logic and process of COGS (Cost of Goods Sold) and Valuation management. The changed process is available from version 11.135.1. Please find below salient points of the new behavior.

New COGS behvaior:

• Linking of COGS run process with Monthly Inventory Close concept to give operational control on the backdated transaction.
• Introduction of Tentative and Actual COGS with the flexibility to run Provisional and Final COGS.
• Posting COGS difference into inventory so that there is no change in data in future. Earlier this was only reflected at reporting level only.
• Updated logic of Transit Valuation to give accurate reconciliation in terms of value

These enhancements will provide enhanced performance in terms of reporting, COGS execution and more accurate data about various aspects of inventory movement, transactions and available RATE to update COGS and thus provide a correct valuation.

NOTE: All users migrating from old to new COGS Logic has to perform an intermediate process to match old and new logic for a given date.

For more details Click Here.

For any queries, feel free to contact at 033-40324444 / 0124-4754500 or write us at care@ginesys.in

Happy to assist you.

Ginesys Care Team