Cost is Adjusted field contains a check mark if the item’s unit cost has been adusted, either automatically or manually.
By saying “automatically“, I actually refer to Warehouse > Setup > Inventory Setup, fields “Automatic Cost Posting” and “Automatic Cost Adjustment”. Depending on this setup, your item costs might get updated with every transaction posted.
And by “manually“, I refer to running the batch job Financial Manageent > Inventory > Costing > Adjust Cst – Item Entries. It is possible to run this on the Job Queue, hence automatically, however in the context of “Cost is Adjusted” field usage, even if report is executed as a Job Queue task, it is still considered as running the batch job “manually”.
Basically, if “Cost is Adjusted” has a check mark, it means that “Adjust Cost – Item Entries” has been executed recently. If “Cost is Adjusted” field does not have a check mark, it doesn’t mean, that cost for item has never been adjusted. Instead, it means, that there are some new entries, that will need to be adjusted.
Once you execute “Adjust Cost – Item Entries” batch job (and hopefully, you have done it without any filters), all your items should have a checkmark on “Cost is Adjusted” field.
To summarize, the field “Cost is Adjusted” can be used either by user trying to identify if costs for items have been adjusted, or by the system:
- when running report 1004 Close Inventory Period – Test, system will check if cost has been adjusted for item and warn a user if it hasn’t been done.
- “Cost is Adjusted” field is set to No, whenever system creates a new records that affect Value Entries
- “Cost is Adjusted” field is set to Yes, when running “Adjust Cost – Item Entries” batch job.