Costing Configuration Follow

Costing Configuration

Use these instructions to configure your default costing specifications for discounts, auto labor, and flat labor.

1.        From the Costing menu, select Costing Configuration to display the following window.

CostingConfig.gif

The �Costing Configuration� window is set up to show you the hierarchy of costing methods that can be used in GlasPacLX.

2.        �Standard Costing� (Overrides all other costing methods)

This type of costing applies fixed costs that you have set up for each of the products you sell. If you are set up to use Standard Costing, it will override any other costing methods.

If you want CSRs to be able to edit the Standard Cost of an item on an order from the Edit Line window, select the �Allow Editing of Standard Costs� checkbox.

3.        �WMA�or�Specific Costing� (Overrides Vendor and Default Costing. It also affects all branches)

w                Select the �WMA� option, if you want to base your costs on their Weighted Moving Average (WMA), which is the average cost of all items received into inventory. For more details, click here.

w                Select the �Specific� option, if you want to use the exact costs that were entered upon receipt of specific items into inventory. If you use this option, you need to specify whether you want to use the oldest (FIFO: first-in-first-out) or the newest (LIFO: last-in-first-out) items first for orders. The current selection appears as a link in blue underlined text.

If you would like to change the FIFO or LIFO designation, click on the blue link to open the Inventory Control Configuration window and change the �Default Picking� selection.

4.        �Vendor Costing� (Overrides Default Costing)

This type of costing is maintained in Vendor Maintenance on a per vendor/per part basis. You set up a price list of certain parts that you typically purchase from specific vendors and when a part from the price list is selected for an order or PO it will be the cost that will be used.

5.        �Default Costing� (Default when no other costing methods are being used)

w                In the "Default Cost Discount" field, select Cost from the drop-down menu. This is generally used in the early stages of inventory control costing, before a weighted moving average cost can be established using actual receipts.

Note: If the Discount ID "Cost" does not appear on your drop-down menu, we recommend that you set it up in Discount Maintenance.

w                In the "Default Auto Labor Cost" field, enter an auto glass installation labor cost. The figure you enter here appears on the edit line window for labor items you select for orders. Now select either the �Flat� or the �Hourly� option, according to your preference.

w                In the �Default Flat Labor Cost (Hourly)" field, enter an hourly auto glass installation labor cost. The figure you enter here appears on the edit line window for labor items you select for orders. Now select either the �Flat� or the �Hourly� option, according to your preference.

6.        In the �Sales Margin Limit� field, enter the sales margin percentage that must be attained in order to save each cash sale, invoice, and workorder.

Example:

If, for example, the percentage is set at 20% and the total cost of an order is $100.00, the sell price must be $120.00 or more. If it is less, then the order cannot be saved (Unless a user has security rights to override this feature. See "Override Sales Margin Violations" in Action Security for an example).

7.        Select the Save button to save your costing defaults and exit the window.

 

Click here to return to Costing Concepts.

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