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  • Costing Solution

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    ibn_roashd
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    This document outlines a costing solution that uses invoice prices instead of purchase order rates when costing purchase order receipt transactions. It involves setting an invoice price variance account and costing cutoff date, then running a custom request to replace purchase order prices with invoice prices after invoices are entered. Finally, the costing cutoff date is reset for the next period's costing run.

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    This document outlines a costing solution that uses invoice prices instead of purchase order rates when costing purchase order receipt transactions. It involves setting an invoice price variance account and costing cutoff date, then running a custom request to replace purchase order prices with invoice prices after invoices are entered. Finally, the costing cutoff date is reset for the next period's costing run.

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    27 views1 page

    Costing Solution

    Uploaded by

    ibn_roashd
    This document outlines a costing solution that uses invoice prices instead of purchase order rates when costing purchase order receipt transactions. It involves setting an invoice price variance account and costing cutoff date, then running a custom request to replace purchase order prices with invoice prices after invoices are entered. Finally, the costing cutoff date is reset for the next period's costing run.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Costing Solution (costing PO receipt transactions with Invoice Price): 1- Set the IPV and PO rate variance to be RA Account

    2- Set the costing cut-off date at the beginning of the period (01-12-2011) 3- After 31-12-2011, when the financial department finished entering AP invoices, we run a custom request that replace the PO price in Costing Interface with Invoice Price including Overheads Invoices. 4- Set the costing cut-off date at the beginning of the next period (01-01-2012) to make the cost manager run to the period transactions.

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