diff --git a/content/applications/inventory_and_mrp/inventory/inventory_valuation/valuation_by_lots.rst b/content/applications/inventory_and_mrp/inventory/inventory_valuation/valuation_by_lots.rst index c945b0ac0..61e292f30 100644 --- a/content/applications/inventory_and_mrp/inventory/inventory_valuation/valuation_by_lots.rst +++ b/content/applications/inventory_and_mrp/inventory/inventory_valuation/valuation_by_lots.rst @@ -9,8 +9,7 @@ Track :doc:`inventory valuation ` by :doc:`lots or serial numbers based on lot or serial numbers. #. Track the actual cost of manufactured products, based on the real cost of each tracked component used. -#. Depreciate specific lot or serial numbers when they :doc:`sit in stock for too long - <../warehouses_storage/reporting/aging>`. +#. Depreciate specific lot or serial numbers when they sit in stock for too long. .. important:: Please read this :doc:`introduction to inventory valuation ` before setting up diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst index b9ec3acd7..90e38b0f8 100644 --- a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst +++ b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst @@ -11,5 +11,4 @@ Reporting reporting/stock reporting/locations reporting/moves_history - reporting/aging reporting/dashboards diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging.rst b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging.rst deleted file mode 100644 index 462a78aef..000000000 --- a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging.rst +++ /dev/null @@ -1,225 +0,0 @@ -========================= -Stock valuation reporting -========================= - -.. |SVLs| replace:: :abbr:`SVLs (stock valuation layers)` - -When a company has physical assets, such as inventory, they often want to know approximately how -much has been spent on these goods, or how much they are worth at the moment. This process of -assigning a monetary value to account for inventory is known as *stock valuation*. - -This value is often reported for accounting purposes. For instance, an insurance company may want to -know the value of goods stored in a warehouse, in the event of a flood or fire. - -:doc:`Stock valuation <../../inventory_valuation/cheat_sheet>` typically utilizes one of two -accounting systems: - -- **Perpetual**: The inventory is constantly (perpetually) being updated, and the value is - constantly changing. -- **Periodic**: The inventory value is checked on an occasional (periodic) basis, and the value is - set at this occasional time. - -Using :ref:`tracked inventory ` in Odoo -necessitates a *perpetual* inventory accounting system because of the need to know when and where -inventory exists, and how much of it is available or forecasted. There are a few common valuation -methods used in Odoo: *standard price*, *average cost* (AVCO), and *first in, first out* (FIFO) -accounting. It is important to know that the valuation method chosen for a product impacts the -calculation of several fields in the stock valuation reports. - -Open the reporting screen -========================= - -Odoo's *Stock Valuation* reporting screen displays the financial value of all tracked inventory, -according to each product's stock valuation method. This can provide insights into potential issues -in the supply chain, such as sunken purchase costs or delays in profitability. To access stock -valuation reporting, go to :menuselection:`Inventory app --> Reporting --> Valuation`. - -.. important:: - The :menuselection:`Reporting` menu in **Inventory** is only accessible to users with - :doc:`admin access <../../../../general/users/access_rights>`. - -This reporting screen has three different views, or inventory reports — :ref:`list view -` (i.e. the default stock valuation report), -:ref:`pivot view ` (i.e. the stock aging report), and -:ref:`graph view `. Each view can be customized with -different fields to break down inventory valuation by product, operation type, date, or company. - -All three views can be filtered by various fields. To apply filters, click into the search bar at -the top of the report, or click the drop-down arrow next to it. For example, selecting the filter -:guilabel:`Has Remaining Qty` will show only products that are currently in stock. - -.. _inventory/warehouses_storage/valuation-report: - -List view: stock valuation -========================== - -By default, the :guilabel:`Stock Valuation` reporting screen displays in *list view*, represented by -the :icon:`oi-view-list` :guilabel:`(list)` icon. This report shows a detailed record of stock -movements and their valuations. - -Configure ---------- - -The following columns are displayed by default: - -- :guilabel:`Date`: the date and time when the :ref:`stock move ` - was created. The valuation report is sorted by this field by default, emphasizing the importance - of time when valuing inventory. To sort the report by a different column, simply click on the - column title. -- :guilabel:`Reference`: the reference document associated with this stock move (e.g., a warehouse - receipt, a delivery order, or a manual inventory adjustment). -- :guilabel:`Product`: the product that is being moved and valued. -- :guilabel:`Quantity`: the number of units by which this product's stock has increased or - decreased in this particular stock move. -- :guilabel:`Total Value`: the value of the product's stock in this particular stock move, - calculated by multiplying the :guilabel:`Quantity` and :guilabel:`Unit Value`. - -.. note:: - If a :guilabel:`Reference` document includes several goods, there will be a separate line item - generated on the report for each good. - -There are additional fields that can be added to this view to provide more insight into the stock's -valuation. To add fields, click the :icon:`oi-settings-adjust` :guilabel:`(adjust)` icon, and select -the desired fields: - -- :guilabel:`Lot/Serial Number`: the uniquely identifying lot or serial number for this product. -- :guilabel:`Company`: for businesses that operate with multiple companies, this field displays the - company by which this stock move took place. -- :guilabel:`Remaining Quantity`: the number of units remaining for this valuation of the product, - after demand has been accounted for (even from other stock moves). This field can be especially - helpful for :abbr:`FIFO (First In, First Out)` and :abbr:`AVCO (Average Cost)` accounting, as it - conveys which units of stock came into a warehouse first and the value of said stock. -- :guilabel:`Unit Value`: the cost of one unit of the product for the company (**not** the price to - consumers). -- :guilabel:`Description`: a description of the reason for this stock valuation (typically, a stock - move has occurred). By default, this field is set as the concatenation of the - :guilabel:`Reference` and :guilabel:`Product` fields. However, the field may also display other - important messages for this line item, such as a note stating that the line item is an adjustment - due to a change in the product's inventory valuation method. -- :guilabel:`Remaining Value`: the value of this product's current stock levels for this particular - stock move, after demand has been accounted for. Along with :guilabel:`Remaining Quantity`, this - field can be especially helpful for :abbr:`FIFO (First In, First Out)` and - :abbr:`AVCO (Average Cost)` accounting, as they convey which stock came into a warehouse first and - the value of said stock. - -.. tip:: - Some of these settings may not appear unless first enabled in **Settings** application. - -.. image:: aging/stock-valuation-report.png - :alt: Stock valuation report. - -.. _inventory/warehouses_storage/svl: - -Stock valuation layers (SVLs) ------------------------------ - -Each line item in the :guilabel:`Stock Valuation` report represents a record in Odoo's system known -as a *stock valuation layer (SVL)*. :abbr:`SVLs (stock move layers)` are generated when products -move in a way that impacts their stock valuation. Specifically, the stock moves that generate -:abbr:`SVLs (stock move layers)` are warehouse receipts, deliveries, dropshipping orders, and -dropshipping returns. These stock moves must first be validated (by clicking the -:guilabel:`Validate` button) for the :abbr:`SVL (stock move layer)` to be created. - -If a product's inventory valuation method changes on the product form, new line items are generated -on the :guilabel:`Stock Valuation` report to reflect the resulting :abbr:`SVLs (stock move layers)`. -For example, if the valuation method changes from *standard price* to either :abbr:`AVCO (Average -Cost)` or :abbr:`FIFO (First In, First Out)` accounting, *revaluation entries* will be -automatically posted to reflect the change in pricing for goods that remain in stock. One entry will -be negative to "remove" the old pricing, and the second entry will be positive to record the new -pricing. These entries are connected to journal entries in Odoo's **Accounting** app. - -Below is an example of what the :guilabel:`Stock Valuation` report shows when a few stock moves have -occurred for a product using standard price accounting. - -.. image:: aging/before-val-method-change.png - :alt: Stock valuation report in standard price accounting. - -Conversely, the following image depicts what the *Stock Valuation* report might look like -after a product has switched from standard price to :abbr:`FIFO (First In, First Out)` accounting. - -.. image:: aging/after-val-method-change.png - :alt: Stock valuation report after switching from standard price to FIFO accounting. - -.. example:: - The :guilabel:`Remaining Value` and :guilabel:`Remaining Quantity` fields are derived from what - occurs at the :abbr:`SVL (stock move layer)` level in Odoo and, as such, are better understood - with an example. - - Frankie's Consignment Shop buys sweaters at the cost, or :guilabel:`Unit Value`, of `5.00` - dollars. For the first time, Frankie's purchases and receives a :guilabel:`Quantity` of `100.00` - sweaters in one stock move, then re-sells and delivers `-10.00` sweaters in a second stock move. - - In the first stock move line item, the :guilabel:`Remaining Quantity` will change from `100.00` - to `90.00`, once the second stock move is recorded. This change reflects that, although 100 - sweaters were originally purchased, only 90 of those sweaters remain in stock and should be - counted in the valuation. Similarly, the :guilabel:`Remaining Value` will drop from `$500.00` to - `$450.00`. The :guilabel:`Total Value` will remain at `$500.00`, regardless of subsequent - transactions. - - On the other hand, the :guilabel:`Remaining Quantity` of the second stock move line item will be - recorded and remain at `0.00` because the quantity of `-10.00` was sold. In the system, because - the :abbr:`SVL (stock move layer)` was a sale, there is no stock left that needs to be valued - from that transaction. - - .. image:: aging/remaining-val-quant.png - :alt: Remaining value and quantity are calculated based on :abbr:`SVLs (stock move layers)`. - -Change the valuation date -------------------------- - -To see the valuation of stock moves at a specific date and time, click the :guilabel:`Valuation At -Date` button, located in the top-left corner of the :guilabel:`Stock Valuation` page. The report -will show the :guilabel:`Quantity` and :guilabel:`Total Value` of each stock move. - -.. note:: - The :guilabel:`Remaining Quantity` and :guilabel:`Remaining Value` of the stock moves will *not* - be point-in-time for any dates chosen in the past. The stock moves shown when selecting a past - date will still display the *current on-hand quantity and value* of the products. - -.. example:: - A business has 100 sofas in stock on January 1st and sells 20 of those sofas on February 1st. The - :guilabel:`Remaining Quantity` of the :abbr:`SVL (stock move layer)` will drop from `100.00` to - `80.00` on February 1st. If no other stock moves take place, and on February 1st, the - :guilabel:`Valuation at Date` is selected as January 1st, the :guilabel:`Remaining Quantity` - will still show as `80.00`. - -.. _inventory/warehouses_storage/aging-report: - -Pivot view: stock aging -======================= - -From the :guilabel:`Stock Valuation` reporting screen, access pivot view by clicking the -:icon:`oi-view-pivot` :guilabel:`(pivot)` icon. This view is essentially a *stock aging report*, and -it shows the on-hand quantity and value of inventory by purchase date, which can help monitor -products with expiration dates. - -Configure ---------- - -By default, the pivot view shows the value of all *product categories* by *day and month*. Clicking -the :icon:`fa-plus-square` :guilabel:`(plus)` icon in each column or row will reveal a drop-down -list of options to create a more granular breakdown of the inventory valuation. The drop-down -options include: :guilabel:`Product`, :guilabel:`Lot/Serial Number`, :guilabel:`Product Category`, -:guilabel:`Date`, :guilabel:`Company`, or :guilabel:`Add Custom Group` Clicking the -:icon:`fa-minus-square-o` :guilabel:`(minus)` icon collapses the field back to an empty state. - -In the table, the :guilabel:`Remaining Qty` column displays the number of on-hand items, and -:guilabel:`Remaining Value` displays the total cost of purchasing these items. - -.. image:: aging/stock-aging-report.png - :alt: Stock aging report, showing product row items and day columns. - -.. _inventory/warehouses_storage/graph-view: - -Graph view -========== - -The stock value can be depicted graphically by clicking the :icon:`fa-area-chart` -:guilabel:`(graph)` icon. By default, the graph is displayed in :icon:`fa-line-chart` line chart -view and filtered to show the cumulative total of all inventory value over time in Odoo. - -At the top of the report, a :icon:`fa-bar-chart` bar chart or :icon:`fa-pie-chart` pie chart view -can be selected instead. - -.. seealso:: - :doc:`Odoo reporting essentials <../../../../essentials/reporting>` diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/after-val-method-change.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/after-val-method-change.png deleted file mode 100644 index a46881fcc..000000000 Binary files a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/after-val-method-change.png and /dev/null differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/before-val-method-change.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/before-val-method-change.png deleted file mode 100644 index 9c741b652..000000000 Binary files a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/before-val-method-change.png and /dev/null differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/remaining-val-quant.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/remaining-val-quant.png deleted file mode 100644 index aefe3ad61..000000000 Binary files a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/remaining-val-quant.png and /dev/null differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/stock-aging-report.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/stock-aging-report.png deleted file mode 100644 index 422ff58da..000000000 Binary files a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/stock-aging-report.png and /dev/null differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/stock-valuation-report.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/stock-valuation-report.png deleted file mode 100644 index 0812c8051..000000000 Binary files a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging/stock-valuation-report.png and /dev/null differ diff --git a/redirects/19.0.txt b/redirects/19.0.txt index 027471b82..2017c9123 100644 --- a/redirects/19.0.txt +++ b/redirects/19.0.txt @@ -8,6 +8,7 @@ applications/inventory_and_mrp/inventory/product_management/inventory_valuation/ applications/inventory_and_mrp/inventory/product_management/inventory_valuation/inventory_valuation_config.rst applications/inventory_and_mrp/inventory/inventory_valuation/cheat_sheet.rst applications/inventory_and_mrp/inventory/product_management/inventory_valuation/using_inventory_valuation.rst applications/inventory_and_mrp/inventory/inventory_valuation/cheat_sheet.rst applications/inventory_and_mrp/inventory/product_management/inventory_valuation/valuation_by_lots.rst applications/inventory_and_mrp/inventory/inventory_valuation/valuation_by_lots.rst +applications/inventory_and_mrp/inventory/warehouses_storage/reporting/aging.rst applications/inventory_and_mrp/inventory/inventory_valuation/cheat_sheet.rst # applications/finance