Stock Entry Basic Rate Function

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?

Hello,

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.

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So What is the purpose of allow to edit in "Basic rate " field for “Material issue” ?
what is the effect of it ?
@umair

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.