Cost Parametric Definitions

Cost is the total value expressed in monetary terms of all kinds of transactions incurred by the enterprises in order to obtain the goods or services in the field of activity.

You must have made the settings and definitions of costs in Workcube completely and properly. However, the cost function starts to work after healthy definitions. In other words, it starts to record costs and gives healthy cost - profitability report results.

Company Flow Parameters

Dashboard > System > General Settings > Company Flow Parameters

"Perform Cost Transaction" must be selected. If it is not selected, cost popups will not open, and cost transactions will not work.

"Cost Calculation Method" must be selected according to the appropriate algorithm for the needs of the business. This option will always calculate in the system currency, as well as in the purchase currency of the product.

• Calculated from USD Currencies; costs are calculated in USD and foreign exchange costs are calculated from the current exchange rate.
• Each currency is calculated within itself; USD costs are calculated by themselves, and foreign currency costs are calculated by themselves, without considering the exchange rates.

Should costs be tracked on a stock basis?: A product can have more than one stock (sub stocks). If Yes is selected, it is tracked on a stock basis, not on a single product basis.

Cost Tracking Method for Outgoing Transactions: Warehouse or Location must be selected. If no selection is made, the warehouse-based costs will be followed by default.

• Warehouse Based: It is recorded by calculating products based on system-wide entries.
• Location Based: 

Costs based on location are; In locations where cost tracking is performed, all product entries made to that location are calculated and recorded. In movements from one location to another location, the cost of the product at the exit location is moved to the entry location. It creates a cost record for purchase type invoices, delivery notes, inventory receipts, inter-warehouse transfers, each product included in the inventory, and cost tracking.

In case of being followed on a location basis, each location displays the costs for which it is authorized on the cost screens.

If it is selected on the basis of location, you will not be able to track costs in locations you do not want, thanks to the "No Cost Tracking" in the Location detail.

Do you want product-based costing transactions for produced products?: If yes, product registration will be recorded, if no, cost registration will be based on spec.

Transaction Categories

Dashboard > BPM > Transaction Categories

The "Perform Cost Transaction" box of the transactions that will run costs in the Transaction Categories should be selected. At this point, there is an issue that needs attention. Costs should be run from either delivery notes or invoices. E.g; If it is run on both the Purchase Delivery Note and the Goods Purchase Invoice, duplicate records will be created.

• Perform Cost Transaction: Records cost in purchasing transactions.
• Do the cost processing from the cost amounts in the document: In purchasing transactions, it records the cost over the net price on the document, such as an invoice. (Works when "Perform Cost Transaction" is selected.)
• Perform cost transaction for lines with an amount: It includes the goods and services purchased at a "0" price into the cost calculation. It lowers the average cost.
• Perform Inventory Transaction: In order to carry out the cost transaction, the transaction must perform an inventory transaction. Even if this parameter is not selected, the cost transaction will not work.
  
  

Products

ERP > Sales-Distribution > Products and Stocks > Products > Product Detail

The "Cost Tracking On" and "Subject to Inventory" boxes must be selected.

After these processes, Workcube Cost Function starts to work. Purchases, transfers, productions start to record costs and cost - profitability reports give healthy results.

Note: While Inventory Opening, the historical average costs of the products should be written in the "Net Cost" field in the basket of the Inventory Carryforward Slips. If the Inventory Ages of the products are also desired to be followed; It is necessary to write the ages from the past in the "Maturity (Inventory Age)" field in the basket of the Inventory Carryforward Slips. If this field is left blank, the inventory age is calculated from the date of the carryforward slip.

You can also adjust your costs for the page you are dealing with. For this you should check your XML Settings. Each module has separate Wiki articles for XML Settings. You can examine the XML of the modules on the wiki.