Curious if anyone has attempted to switch an item from Standard cost to Actual cost.
While not available in standard functionality, it seems roughly possible. For example,
1. Cancel or financially update all physically updated inventory, i.e. packing slips, product receipts, un-ended production orders, etc. Basically invoice all packed sales orders, cancel all un-invoiced purchase receipts, etc.
2. Write-out all inventory on-hand.
3. Mark all non-estimated inventory transactions (Sold/Purchased) as Value open = False. The idea here is to make them un-touchable by actual cost recalculation as fully settled history.
4. Surgically change the model group from standard cost to actual cost. Note at this point an inventory recalculation should do nothing, so perhaps run a recalculation and close to start a new baseline.
5. Write-in all inventory on-hand.
6. Re-received product receipts and re-post un-ended production orders to their original state.
The core idea is to create a new inventory baseline for recalculation by making all prior standard cost inventory activity as closed, which in theory can be done if all inventory is financially settled and receipts match issues (no inventory on-hand). Marking all financially updated inventory as closed and settled should be functionally equivalent to having been on actual cost the whole time, except for the absence of InventSettlement records backing the closed and settled status of each inventory issue and receipt. The write-in of inventory under the revised actual cost model group is essentially a fresh start of inventory.
Thoughts?