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Recalculate Estimated Gross Profit on posted Transactions
Hi Experts,
My client is using Gross Profit feature.
Thus the feature recalculate estimated gross profit on posted transactions?
So here's the flow.
1.) Item Receipt on Item A dated Aug 12
2.) Sales Order is created against Item A dated Sept 1
3.) Item Fulfillment and Invoice related to the Sales Order is dated Sept 12
4.) On September 24, user edit Item Receipt (1) to adjust cost of the Item A by adding landed cost.
With the above update of item receipt, average cost of the item is updated. Item A is set to use Average Cost as Cost Estimate Type.
So the question is, is the Recalculate Estimated Cost on Creation of Linked Transactions on accounting preference set to Always would recalculate estimated gross profit on created transaction such as sales order and invoice based on the transaction above?