I have some really dumb newb questions as I try to work in Epicor w/o any help at the moment. Todays dumb question - where do I enter a vendor cost for a purchased part lol?? I cannot find it anywhere… I am missing something stupid. Only place that I can enter a number is “sales unit price” but …

I am also an M.E. Erik so I feel your pain with some of this. The reason I understand this to be is your accounting method you want to use determines the cost. For example, if you use standard cost the cost of the material on the job doesn’t change until you change the cost. The varying costs you se…

I think the way it works is very understandable and useable. I just want to convey, I think it is natural to think ‘I want to enter in a cost for a part, so I will just open up Part Entry, find the ‘cost’ field and type in a number.’ When you actually get in and find it is not that simple it can b…

Keep in mind Erik, that “Costing” in Epicor is accounting costing, not engineering costing. The cost comes from the PO/invoice for what you actually paid for it. Just because you were to put a number on the part master, doesn’t mean the supplier is going to sell if to you for that price. You highlig…

Welcome to the deep dark world of costing… I wish it was just a number. Great link Brandon, I use that often.

Cost is not Price. Price is not cost. They are different worlds. I always conflated the two, but my old boss (the plant controller) drilled this notion into me, and it helped me a lot. Cost = what the part is worth to your company. Then there’s the price you pay for it (Supplier Price List). …

Oh also, if you buy direct or make direct Average cost does not get updated or reflect the direct transaction Neither does Last No idea about FIFO, but I assume similar This is true even of parts that you normally buy to stock or normally sell from stock.

That’s a very good point @JasonMcD . This highlights that the costing is for Accountings version of inventory costing. And if it doesn’t hit inventory, you don’t update costing information.

And you and everyone else made very good points. For me the aha was price <> cost. It’s simple enough to become a mantra.

Thanks for all the answers… Epicor seems designed for multi-departmental companies. We have 2 users. It’s too big for us, we do not understand it. I have to come to terms with that. I made a very poor decision in purchasing this software. I should just be using Quickbooks Enterprise. My decis…

Purchased part cost

Kinetic ERP

Banderson (Brandon Anderson) December 16, 2022, 7:38pm 26

You’re not the first, you won’t be the last. I think you’re at the anger, or maybe depression stage. lol

Topic		Replies	Views
Create cost / price to a new purchased part Epicor ERP 10 e10 , costing	4	854	August 24, 2022
Manufacturing cost Kinetic ERP epicor	16	4776	March 4, 2022
How to set up the cost to a new Manufacture part Epicor ERP 10 e10 , epicor	12	2808	May 2, 2022
Part cost Epicor ERP 10 e10	5	2326	February 27, 2020
Generic Parts Costing Method Kinetic ERP	8	324	April 28, 2025

Purchased part cost

Related topics