I would like to clarify the function of the basic rate in Stock Entry Detail Form Type. Is this the Standard buying rate of an item? Can i change this and affect the valuation of the stocks of that particular item for a particular warehouse if i do a stock transfer?
It should be item’s valuation rate. It could be composed of buying rate + taxes + other charges etc.
You can change item’s valuation rate from Stock Reconciliation. In the Material Transfer entry, item’s valuation won’t be affected.
So What is the purpose of allow to edit in "Basic rate " field for “Material issue” ?
what is the effect of it ?
Simple valuation rate only. It’s an editable field, as the same Stock Entry for is used for Material Receipt, where you have to manually enter item’s valuation rate.