+ Introducing New Costing Method 'Last Purchase Price' in Odoo. +
++ This module allows you to update your product's cost as your last purchase price and changes the stock + valuation based on that. +
++ A new costing method is added to the list and can be chosen from product category form. +
++ Designed to work with both Odoo Community and Enterprise editions. +
++ Product form showing the cost. +
++ Select the Product category and set costing method as Last Purchase Price. +
++ Set a price difference account in product form. +
++ Purchase order created with new cost. +
++ Cost updated in the product form with the new cost. +
++ Journal item generated by the price change. +
++ Automatically posting price difference related accounting entries to the 'Price Difference Account' + when we use automated inventory valuation.
++ A new costing method is added to the list and can be chosen from product category form.
++ Cost price of products will be updated with their last purchase price.
++ The Last Purchase Price method calculates the cost of inventory based on the most recent purchase price of the item, ensuring that the value reflects the latest market conditions. +
++ Inventory valuation using the Last Purchase Price method can fluctuate based on recent purchase prices, which can lead to more accurate financial reporting and better cash flow management. +
++ Yes, in systems like Odoo, the Last Purchase Price is automatically updated whenever a new purchase order is processed, ensuring that inventory costs remain current and accurate. +
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