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Cost Options

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On this tab the following fields can be viewed:

 

hmtoggle_plus1Cost Columns Seperate

This mode is enforced if a cost generation is performed in update mode.  The check box will automatically be checked and disabled if either of the two update modes have been selected.  In inquiry mode, the user can decide whether to check or uncheck this option.

 

When unchecked, all the cost elements i.e. the material, labor, overheads, transfer and subcontract cost of all MRP planned component parts (including the labor and overheads calculated for phantom parts) that contribute to the cost of a parent part will be summarized and displayed as the material cost of the next higher level parent part in the Product Structure.  The cost elements are therefore merged and displayed as the material cost of the parent.

 

The calculated labor, overhead, transfer, and/or subcontract cost displayed for a parent part will therefore only include the costs directly derived from the costed part operations of the part itself.

 

When the option is checked, the cost elements for labor and overheads of component parts are not merged, but kept separate through out the cost roll-up.

 

NOTE: Despite the "keep separate" instruction, the subcontract and transfer cost of components are still rolled up to the material cost of the parent, since these two cost elements are not calculated values but are manually specified for the applicable parts.

 

The calculated labor and overhead costs displayed for a parent part will therefore not only include the costs directly derived from the costed part operations of the part itself. Instead, it will also include the calculated labor and overheads for the total product structure below it, thus displaying the cumulative labor and overhead cost expended to produce the parent part.

hmtoggle_plus1Contribution Calculation Frame

It provides a selection of all the possible cost elements that can contribute to the cost of a parent part. This frame is enabled if the output selection option is set to "detail".

 

The selection has no effect on the result of the calculated cost of a parent.

It serves the purpose to display the contribution(s) of the selected cost element(s) in relation to the total cost of the next direct parent as well as in relation to the specified cost generation parent part.

 

If, for example, only "material" is selected, it will calculate and display only the material cost portion of a component as the contribution amount.

 

If, for example, "labor", "variable overheads" and "fixed overheads" are selected, the three cost elements will be summarized and the function will calculate and display the sum as the contribution amount.

hmtoggle_plus1Detail Output Selection

If this option is selected, the output displayed on the Costgen Output tab will show the calculated cost of the cost generation parent part as well as the detail of all components in the Product Structure that were applied in the cost roll-up and thus contributed to the calculated cost of the selected parent part number.

 

In detail output mode, the Contribution Calculation frame is also enabled.

hmtoggle_plus1For Financial Year

This field is mandatory and is applied to specify the financial year for which the part cost must be calculated and/or updated in the Part Financial Year Data table or the Part Price Scenario table depending on the selection made in the material and manufacturing cost frames.

 

Although mandatory in inquiry mode, the field serves little function other than defaulting the selected year to the "financial year" fields that respectively appear in the material cost and Manufacturing cost frames. Inquiry mode also permits selection of a past financial year.

 

In update mode, it will not allow selection of a past financial year. In addition, rather than simply defaulting the selected year to the "financial year" fields that respectively appear in the Material Cost and Manufacturing Cost frames, it also disables those fields thus enforcing that the same financial year is applied throughout.

 

Business rules on the Division table govern whether the update of the current or next financial year prices is permitted.

 

It allows for the current financial year's costs to be updated if the setting for the field Allow Current Year Cost Update Via Costgen allows the update.

 

It allows for the next financial year's costs to be updated if the setting for the field Allow Next Year Cost Update Via Costgen allows the update.

 

If the update is run on all levels, the part financial year data or the Part Price Scenario data (depending on the selection made in the material and manufacturing cost frames) will only be updated if the Controlling Division of the Selected Parent part allows cost generation updates for the specified financial year.

 

The Division rules only apply to parts that already have part financial year records for the selected year where the sum of material, labor and overheads exceeds zero. Newly added parts that do not yet have a part financial year record will not be subjected to the Allow Current Year Cost Update Via Costgen and Allow Next Year Cost Update Via Costgen settings.  This means that newly added parts price updates are allowed via the Cost Generation function regardless of the division settings.

 

The number of characters to be entered before the list is shown is governed by the value of "populate length" (mandatory).

hmtoggle_plus1Include Non Costed Operations

If selected, the non costed operations will be regarded as costed for this specific run of the cost generation.

hmtoggle_plus1If Purchased Since

This field applies to purchased components in the product structure of the parent part being costed.  It provides you with the choice to apply the last purchase price of a part in preference to the material cost of the part financial year data record.  It defaults to today's date less one year.

 

If the USE LAST PURCHASE PRICE is ticked then the last purchase price will only be applied if the last purchased date is equal to or greater than the date selected in the "If Purchased Since.." field.

 

In the absence of a valid last purchase price, the function will apply the material cost on the Part Financial Year Data table as a last resort.

 

If both options Use Preferred Supplier List Price and Use Last Purchase Price are simultaneously checked, the Use Preferred Supplier List Price option will always take preference.

hmtoggle_plus1Include Scrap Cost

This field specifies whether the scrap cost (defined in the Product Structure as a percentage) should be taken into account and as such form part of the direct cost of a part.

 

If the option is checked (default mode), the scrap percentage defined in the Product Structure between parent/component relationships will be applied to inflate the "quantity per" when calculating the  material cost for its parent part number in the Product Structure.

 

The option is available for both inquiry and update modes.

hmtoggle_plus1Include Non-Fixed Account Parts (Excl Cfi'S) Mode

This setting governs whether the cost of components that are not customer furnished items (CFI's) but are non-fixed account parts as defined on their Part Master records, is to be included when calculating and updating the cost of a parent part.

 

In update mode, the option is only available if the selected Parent part number is a non-fixed account part.

 

If the option is checked, the cost of all components will be included in the cost generation, irrespective of their fixed account setting but excluding all CFI's.  The cost of CFI's can not be included in update mode.

 

If the option is unchecked, which is also the default mode (and enforced for fixed-account parts), only the cost of fixed account components will be taken into account.

 

Should you have executed this option for a non-fixed account parent part, it is advised that the cost generation update be re-run in unchecked mode prior to changing a parent part to a fixed-account part.

hmtoggle_plus1Include Customer Furnished Parts

This option is only available in inquiry mode.  The setting governs whether the cost of customer furnished items (CFI's), is to be included when calculating the cost a parent part.  

 

The default mode is unchecked, thus excluding all CFI's from the calculations.

This is also the recommended mode since items that are provided free of charge by a customer do not form part of the direct cost incurred to produce a part.

 

The option to include CFI's does however serve its purpose when:

 

Product cost is calculated for insurance purposes, or For the purpose of gaining insight to the total value of a product, or to calculate, the total value of CFI components within a product.

 

Also see Include Non-Fixed Account Parts (Excl CFI's)

hmtoggle_plus1Include Non-Fixed Account Parts Mode

This setting governs whether the cost of components that are not customer furnished items (CFI's) but are non-fixed account parts as defined on their Part Master records, is to be included when calculating the cost of a parent part.

 

If the option is checked, the cost of all components will be included in the cost generation, irrespective of their fixed account setting but excluding all CFI's.  The cost of CFI's can be included in inquiry mode, but this is governed by another setting.  See Include Customer Furnished Parts.

 

If the option is unchecked (default and recommended mode), only the cost of fixed account components will be taken into account.

 

Checking this option in inquiry mode is often done in the pre-production life cycle of a part to estimate and control the cost of a newly developed parent part that has a number of pre-production (non-fixed account) components in its product structure.

hmtoggle_plus1Include Purchased Part Cost Roll Up (Inquiry)

If the option "Include Purchased Part Cost Roll Up" is checked the cost generation procedure will in the process of exploding the structure when it gets to a purchase level read the new part master setting and if allowed explode the purchase structure and roll the cost same as for a manufactured part i.e. the purchase part will have material labor overhead and fixed overhead costs.  Errors will also be handled in the same way as for a manufactured part.

hmtoggle_plus1Include Purchased Part Cost Roll Up (Update)

If the option "Include Purchased Part Cost Roll Up" is checked the cost generation will when updating the part financial year data of the purchased part add the labor, overhead and fixed overhead costs as part of material cost.

hmtoggle_plus1Inquiry

The inquiry option is selected to view the cost generation results without updating the Part Financial Year Data or the Part Price Scenario data of the selected parent part number.

 

The user must have a security profile with inquiry rights on the screen Cost Generation.

 

The inquiry mode provides various calculation methods/options and will display the results of the cost generation for the parent part number selected in either summarized or detail format.

 

In addition, it will display a list of errors that require correction and it is for this reason that the cost generation should be run in inquiry mode prior to performing an update.

 

RELATED TOPIC: Financial Year Data on the Part Master

hmtoggle_plus1Manufacturing Cost

The options (use cost center rate, use cost center rate scenario) displayed is used in conjunction with the Inquiry, Update Cost On All Levels and Update Parent Cost Only modes.

 

In Inquiry mode any combination of the above mentioned option can be selected.

 

In update mode either the Use Cost Center Rate option or the Cost Center Rate Scenario option can be selected.

 

If the Cost Center Rate option is selected then the Use Part Fin Year Data option will be automatically selected in the Material Costs frame.

 

Take note, that in update mode, if a financial year is selected in the For Financial Year combo box, the selected financial year shall be defaulted in the financial year combo boxes as displayed in the Manufacturing Cost frame and shall be disabled.

 

A combination of i.e. Use Part Fin Year Data and Cost Center Rate Scenario in update mode is not allowed. If the Part Fin Year Data table is inserted or updated then only the Use Part Fin Year Data and Use Cost Center Rate options can be selected. The same applies to the Part Price Scenario table.

 

The following combinations/options can be selected and shall be executed as follows on the apply of the Run button:

 

Option 1 - Use Cost Center Rate:

The manufacturing cost will be selected from the Cost Center Fin Year Data table only. If no value exists on the Cost Center Fin Year Data table an error message will be displayed in the Cost Gen Errors tab.

 

Option 2 - Use Cost Center Rate Scenario:

The manufacturing cost will be selected from the Cost Center Rate Scenario table only. If no value exists in the Cost Center Rate Scenario table an error message will be displayed in the Cost Gen Errors tab.

 

Option 3 - Use Cost Center Rate and Use Cost Center Rate Scenario:

The manufacturing cost will be 1st selected from the Cost Center Rate Scenario table and if no value exists the manufacturing cost will be selected from the Cost Center Fin Year Data table. If no value exists in the Cost Center Fin Year Data table an error message will be displayed in the Cost Gen Errors tab.

hmtoggle_plus1Material Cost

The options (use part fin year data, use last purchase price, use preferred supplier list price and part price scenario) displayed is used in conjunction with the Inquiry, Update Cost On All Levels and Update Parent Cost Only modes.

 

In Inquiry mode any combination of the above mentioned option can be selected.

 

In update mode either the Use Part Fin Year Data option or the Part Price Scenario option can be selected.

 

Take note, that in update mode, if a financial year is selected in the For Financial Year combo box, the selected financial year shall be defaulted in the financial year combo boxes as displayed in the Material Cost frame and shall be disabled.

 

If the Use Part Fin Year Data option is selected then the Use Cost Center Rate option will be automatically selected in the Manufacturing Costs frame. The same will apply to the Scenario options.

 

A combination of i.e. Use Part Fin Year Data and Cost Center Rate Scenario in update mode is not allowed. If the Part Fin Year Data table is inserted or updated then only the Use Part Fin Year Data and Use Cost Center Rate options can be selected. The same applies to the Part Price Scenario table.

 

The following combinations/options can be selected and shall be executed as follows on the apply of the Run button:

 

Option 1 - Use Part Financial Year Data only:

The material cost will be selected from the Part Financial Year Data table only. If no value exists, an error will be displayed in the Cost Gen Errors tab.

 

Option 2 - Use Part Price Scenario only:

The material cost will be selected from the Part Price Scenario table only. If no value exists, an error will be displayed in the Cost Gen Errors tab.

 

Option 3 - Use Last Purchase Price only:

The material cost will be selected from the Part Master table only. If no value exists, an error will be displayed in the Cost Gen Errors tab.

 

Option 4 - Use Preferred Supplier List Price only:

The material cost will be selected from the Preferred Supplier List Price table only. If no value exists, an error will be displayed in the Cost Gen Errors tab.

 

Option 5 - Use Part Financial Year and Part Price Scenario:

The material cost will be 1st selected from the Part Price Scenario table and if no value exists the material cost will be selected from the Part Price Scenario table. If no value exists an error will be displayed in the Cost Gen Errors tab.

 

Option 6 - Use Part Financial Year Data and Last Purchase Price:

The material cost will be 1st selected from the Part Master table if no value exists the material cost will be selected from the Part Master table. If no value exists in the Part Master table an error will be displayed in the Cost Gen Errors tab.

 

Option 7 - Use Part Financial Year Data and Preferred Supplier List Price:

The material cost will be 1st selected from the Preferred Supplier List Price table and if no value exists the material cost will be selected from the Preferred Supplier List Price table. If no value exists in the Preferred Supplier List Price table an error will be displayed in the Cost Gen Errors tab.

 

Option 8 - Use Part Price Scenario and Last Purchase Price:

The material cost will be 1st selected from the Part Master table and if no value exists the material cost will be selected from the Part Price Scenario table. If no value exists in the Part Price Scenario table an error will be displayed in the Cost Gen Errors tab.

 

Option 9 - Use Part Price Scenario and Preferred Supplier List Price;

The material cost will be 1st selected from the Preferred Supplier List Price table and if no value exists the material cost will be selected from the Part Price Scenario table. If no value exists in the Part Price Scenario table an error will be displayed in the Cost Gen Errors tab.

 

Option 10 - Use Last Purchase Price and Preferred Supplier List Price:

The material cost will be 1st selected from the Preferred Supplier List Price table and if no value exists the material cost will be selected from the Part Master table. If no value exists in the Part Master table an error message will be displayed in the Cost Gen Errors tab.

 

Option 11 - Use Part Financial Year Data, Part Price Scenario and Last Purchase Price:

The material cost will be 1st selected from the Part Master table, if no value exists the material cost will be selected from the Part Price Scenario table and if no value exists, the material cost will be selected from the Part Financial Year Data table. If no value exists in the Part Financial Year Data table an error message will be displayed in the Cost Gen Errors tab.

 

Option 12 - Use Part Financial Year Data, Last Purchase Price and Preferred Supplier List Price:

The material cost will be 1st selected from the Preferred Supplier List Price table and if no value exists the material cost will be selected from the Part Master table and if no value exists the material costs will be selected from the Part Financial Year Data table and no value exists in the Part Financial Year Data table an error will be displayed in the Cost Gen Errors tab.

 

Option 13 - Use Part Price Scenario, Last Purchase Price and Preferred Supplier List Price:

The material cost will be 1st selected from the Preferred Supplier List Price table and if no value exists the material cost will be selected from the Part Master table and if no value exists the material costs will be selected from the Part Price Scenario table and if no value exists in the Part Price Scenario table an error will be displayed in the Cost Gen Errors tab.

 

Option 14 - Use Part Financial Year Data, Part Price Scenario, Last Purchase Price and Preferred Supplier List Price:

The material cost will be 1st selected from the Preferred Supplier List Price table and if no value exists the material cost will be selected from the Part Master table and if no value exists the material costs will be selected from the Part Price Scenario table and if no value exists in the Part Price Scenario table the material cost will be selected from the Part Financial Year Data table and if no value exists in the Part Financial Year Data table an error will be displayed in the Cost Gen Errors tab.

hmtoggle_plus1Order Quantity Selection

If one of the options is selected, the inquiry will give an indication of the cost for an order quantity.  This can be helpful in setting quote prices.

hmtoggle_plus1Output Results To

The default is the Cost Gen Output tab. The other options are Excel or a Text file.

hmtoggle_plus1Run Button

The Run button must be clicked to start and execute the cost generation inquiry or update.  The Run button will only be enabled if a valid parent part number has been selected.

 

If "update" mode has been selected, the user will require a security profile where Add or Change rights on the screen Cost Generation has been granted before the Run button will be enabled.

 

When the "Run" button is clicked the cost generation is executed according to the selected criteria and mode.  If the user did not specify the mandatory criteria, an error message will prompt the user to select the values.

 

The function will:

 

1.        Display a list of errors (if applicable) on the tab "Costgen errors".

 

2.        Display the results in either summarized or detail mode on the tab "Costgen output".

 

3.        The result of calculations performed in update mode is recorded in the Part  Financial Year Data or Part Price Scenario table depending on the selections made table.

 

4.        Revaluation Journal Entries are triggered if any updated part is a fixed account part and if the selected financial year is the current financial year. The function automatically re-evaluates stock, WIP and suppliers suspense where applicable.

 

5.        The stock account(s) will be applied from the store(s) in which the stock is located. The WIP account will depend on the Order's division. The Suppliers Suspense account will depend on the source order or other source to determine the Division and applicable suspense account. The predefined revaluation accounts will be applied from the Division table.

 

6.        If the update is run on all levels, the part financial year data or the Part Price Scenario  will only be updated if the controlling Division of the part allows cost generation updates for the specified financial year.

hmtoggle_plus1Scenario

The scenario combo box is populated with the scenario code and description from the Cost Center Rate Scenario table.

 

The scenario code is used in conjunction with the Financial Year combo box. When selected the labor cost will be calculated from the Cost Center Rate Scenario table using the applicable cost center's labor rate, variable overhead rate and fixed overhead rate.

hmtoggle_plus1Scenario Financial Year

Since cost center rate scenario data records are specified per financial year, this field serves the purpose to specify which year's rates are to be applied to calculate labor cost.

 

The financial year can only be selected in inquiry mode and will only be enabled when a Scenario was selected.  In update mode, the field is disabled and assumes the financial year selected in the for Financial Year field.  In inquiry mode, any past, present or future year can be selected.

 

The labor cost, variable overhead cost and fixed overhead cost, that is valid for the selected year, are applied when calculating parent labor cost.

 

The list is populated with financial years from the Cost Center Rate Scenario table.  The number of characters to be entered before the list is shown is governed by the value of "populate length" (mandatory).

hmtoggle_plus1Summary Output Selection

If this option is selected, the output displayed on the Costgen Output tab will only show the calculated cost of the cost generation parent part.  The components that contributed to the calculated cost will not appear in the display.

hmtoggle_plus1Use Last Purchase Price

This option applies to purchased components in the product structure of the parent part being costed.  It provides you with the choice to apply the last purchase price of a part in preference to the material cost of the part financial year data record.  It defaults to today's date less one year.

 

Note that the last purchase price will only be applied if the last purchased date is equal to or greater than the date selected in "If Purchased Since..".

 

In the absence of a valid last purchase price, the function will apply the material cost on the Part Financial Year Data table as a last resort.

 

If both options Use Preferred Supplier List Price and Use Last Purchase Price are simultaneously checked, the Use Preferred Supplier List Price option will always take preference.

 

RELATED TOPIC: Last Purchase Price on the Part Master

hmtoggle_plus1Use last Average Cost

This option applies to purchased components in the product structure of the parent part being costed.  It provides you with the choice to apply the last average cost of a part in preference to the material cost of the part financial year data record.

 

Note that the last average cost can only be applied in an average cost environment.

 

In the absence of a valid last average cost, the function will apply the material cost on the Part Financial Year Data table as a last resort.

hmtoggle_plus1Use Preferred Supplier List Price

This option applies to purchased components in the product structure of the parent part being costed.  It provides you with the choice to apply the catalog list price of a part's preferred supplier in preference to the material cost of the part financial year data record.

 

When checked, the cost generation will apply the preferred supplier list price if:

 

A valid buying record exists for the specified product structure affectivity date, and the buying record has been defined in the part's unit of measure.

 

If a catalog list price does not exist, the function will then apply the Last Purchase Price from the Part Master (if the option was also checked). If the routine fails to find a last purchase price, the material cost of the part financial year record for the selected financial year will be applied as a last resort.

 

If both options "Use preferred supplier list price" and "Use last purchase price" are simultaneously checked, the "Use preferred supplier list price" option will always take preference.

 

The cost generation routine will select the Preferred Supplier of a purchased component from the Part Master table and attempt to find a valid buying record with a match for the part number, part UOM and supplier on the External Organization Part Price table.

 

It will apply the supplier (list price - trade discount) + any additional costs specified on the External Organization Part Price record (but will exclude Vat).

 

If the supplier's contractual currency (as specified on its External Organization record) is not equal to the base currency in system configuration, the following is applied using the fields set on the External Organization Parts function:

 

1.        Trade Discount is subtracted from the list price in the foreign currency.

 

2.        The Foreign Additional Costs (Transport , Tax , and Other ) are added to the foreign currency list price resulting from step 1.

 

3.        The Foreign Additional Costs Vat % is added to the price resulting from step 2.

 

4.        The Foreign Additional Costs Insurance % is added to the price resulting from step 3.

 

5.        Convert the result in step 4 to the base currency by applying the currency conversion table.

 

6.        Sum the Base Additional Costs (Transport , Tax , and Other).

 

7.        Sum the results from step 5 and 6.

 

8.        The Base Additional Costs Insurance % is added to the price in step 7 to give the landed cost price to be applied by the Cost Generation calculations.

 

If no currency conversion record for the base vs. foreign exists to perform step 5, the last purchase price and then the part financial year data will be applied instead.

hmtoggle_plus1Use Part Fin Year Data  Financial Year

Since part financial year data records are specified per financial year, this field serves the purpose to specify which year's rates are to be applied to calculate material cost.

 

The financial year can only be selected in inquiry mode and will only be enabled when the Use Part Fin Year Data option was selected.  In update mode, the field is disabled and assumes the financial year selected in the ForFinancial Year field.  In inquiry mode, any past, present or future year can be selected.

 

The material, subcontract and/or transfer cost (as specified for purchased, subcontract and inter plant components), that is valid for the selected year, is applied when calculating parent material cost.

 

The list is populated with financial years from the Financial Year table.  The number of characters to be entered before the list is shown is governed by the value of "populate length" (mandatory).

hmtoggle_plus1Use Cost Centre Rate Financial Year

Since direct cost center rates are specified per financial year, this field serves the purpose to specify which year's rates are to be applied.  The financial year can only be selected in inquiry mode and will be enabled only when the Use Cost Center Rate checkbox is checked.

 

In update mode, the field is disabled and assumes the financial year selected in the For Financial Year field.  In inquiry mode, any past, present or future year can be selected.

 

The cost center rates for labor, variable- and fixed overheads that are valid for the selected year, are applied when calculating manufacturing cost via the Part Operations for Manufactured parts (Source "M"), Phantom parts (Source "N") and Inter plant parts (Source "I").

 

The list is populated with financial years from the Financial Year table.  The number of characters to be entered before the list is shown is governed by the value of "populate length" (mandatory).

hmtoggle_plus1Update Costs On All Levels

This option specifies that, in addition to the calculation and display of cost, the part financial year data or Part Price Scenario data must also be updated with the results.

The user must have a security profile with Add or Change rights on the screen Cost Generation to enable the Runbutton in update mode.

 

If this option is selected, the cost will be calculated for all levels and parent parts in the product structure of the selected Parent Part Number. Unlike the mode Update Parent Cost Only, the function will update the cost of all parent parts on all levels of the product structure.  (Note: purchased parts are never updated. They are applied to calculate the cost of higher level parts that are not purchased parts as well).

 

The function will either change the Part Financial Year Data records or Part Price Scenario records (depending on the selection made in the material cost and manufacturing cost frames) of the parts (for the selected financial year), or insert records if no record previously existed.  The part financial year records are updated, irrespective of errors that might have been detected during the cost generation routine, as made visible on the Costgen Errors tab.  It is therefore advised that the actual update is always preceded with an inquiry in order to identify and correct errors before proceeding in update mode.

 

This mode will force cost columns to be kept separate.  It will also not allow the inclusion of customer furnished items (CFI's) or the selection of a past financial year.  It will validate that the financial year in the material cost and manufacturing cost frames match the financial year selected for the update in the For Financial Year field.

 

Updating the cost for the current financial year, where the part being updated is a fixed account part, will result in revaluation of Journal Entrys if the total cost differs from the previously recorded cost. (i.e. re-valuation of stock, WIP and possibly Suppliers suspense if the part is a subcontract part). Take note, that a current financial will only be updated of the setting named Allow Current Year Cost Update Via Costgen allows the update on the Division function.

hmtoggle_plus1Update Parents Costs Only

This option specifies that, in addition to the calculation and display of the cost, the part financial year data must also be updated with the results.  The user must have a security profile with Add or Change rights on the screen Cost Generation to enable the Run button in update mode.

 

If this option is selected, the cost will be calculated for all levels and parent parts in the product structure of the selected Parent Part Number. However, unlike the option Update Costs On All Levels, the only record that will be updated is that of the selected cost generation Parent Part Number.

The function will either change the Part Financial Year Data record of the selected parent part (for the selected financial year), or insert a record if no record previously existed.

 

The Cost Center Rate Scenario and Part Price Scenario tables are updated if selected.

 

The part financial year record is updated, irrespective of errors that might have been detected during the cost generation routine, as made visible on the Costgen Errors tab.  It is therefore advised that the actual update is always preceded with an inquiry in order to identify and correct errors before proceeding in update mode.

 

This mode will force cost columns to be kept separate.  It will also not allow the inclusion of customer furnished items (CFI's) or the selection of a past financial year.  It will validate that the financial year in the material and labor frames match the financial year selected for the update in the For Financial Year field.

 

Updating the cost for the current financial year, where the selected parent part is a fixed account part, will result in revaluation of Journal Entrys if the total cost differs from the previously recorded cost (i.e. revaluation of stock, WIP and possibly Suppliers suspense if the part is a subcontract part). Take note, that a current financial will only be updated if the setting named Allow Current Year Cost Update Via Costgen allows the update on the Division function.