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Hello,
For financial accounting and statutory reporting purposes companies have to be able to evaluate their inventory according to different valuation methods, such as FIFO, LIFO, etc. in parallel.
Currently it is only possible to assign a single inventory model to an item. There is a standard Russian functionality (dual warehouse) available that allows assigning two inventory models. This Russian functionality does, however, also not help in cases where companies need more than two inventory models, which is often the case in international companies that have to report to local GAAP, local tax rules and - at the group level - IFRS if those accounting standards require different valuation methods.
Please note that this does not require that items in the inventory are revalued. What is needed is a financial feature that allows obtaining alternative inventory values based on different inventory valuation principles.
It would be great if this gap could be closed with the next release/update.
Many thanks and best regards,
Ludwig

Category: Cost Management
STATUS DETAILS
Completed
Ideas Administrator

Global Inventory Accounting add-in for Dynamics 365 Supply Chain Management is GA (General Available).

Provides a comprehensive solution that enables organizations to account Inventory simultaneously in user defined costing ledgers by applying various methods (Standard cost, Average) or currencies.

Learn more

https://docs.microsoft.com/en-us/dynamics365/supply-chain/global-inventory-accounting/global-inventory-accounting-home