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xTuple QuickStart Wizard Product Guide |
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xTuple QuickStart Wizard Product Guide |
| 3. Product Costing | ||
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 | Chapter 5. Materials & Costing |  |
Enter Item CostsThe Maintain Item Costs screen provides the ability to enter costs associated with items and to perform routine cost maintenance.
Select to add costing elements.
Complete actual cost and determine whether to post to standard cost.
Additional item costing information can be found here.
Update Actual CostsActual costs are the real-time costs associated with an item, including current material and production charges. The actual cost of an item may fluctuate, given changes in the purchased costs for materials—or if changes are made to bills of materials (BOM) or routings. The actual cost provides a current record of charges actually incurred by an item.
Select which items to update.
Choose which costs to update.
Click .
For best results, update by All Class Codes using the Roll Up option.
Post Actual CostsThe standard cost for an item is the cost used for posting general ledger transactions. Standard cost is distinguished from actual cost in the sense that standard cost is fixed, whereas actual cost is subject to fluctuations arising from material or production changes. The two costs may diverge. However, they can be brought back into alignment by posting actual cost to standard.
Select which items to update.
Choose which costs to update.
Click .
For best results, post costs by All Class Codes using the Roll Up option.
Review ReportsTake a moment to review your costs and confirm their accuracy.
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| 2. Routings (Commercial Edition) |  | Chapter 6. CRM |