Specifies the valuation date from which the entry is included in the average cost calculation.

Accordingly, the valuation date also defines the beginning of the weighted average cost period that is set up in the Average Cost Period field in the Inventory Setup window.

Note
The valuation date is the last posting date of a positive inventory transaction in the average cost period. If there are no positive inventory transactions in the average cost period, then the valuation date is the same as the posting date of the value entry.

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See Also