Hey Guys,
As you can tell I been testing some new costing out for my company. I was looking into using the last cost (which from what I have gathered is costing it at the last receipt cost) but I have post some receipts in my testing environment and haven’t seen any cost being posted. It runs thru the GL side fine pulling in the receipt cost.
Try issuing the material to a job. See if the cost gets applied when consumed.
You show “PUR-UKN” transactions. Those get expensed upon receipt, and don’t affect the cost file.
If you want the cost file to be updated use a Cost Adj.
Had this been a PUR-STK, it would have updated the cost file when it was received.
also, not sure why your part trans show a warehouse and bin, for a PUR-UKN transaction.
If a part is Qty Bearing, it must be purchased to inventory (PUR-STK)
If a part is not Qty Bearing, and on a job, then it is purchased to Job (PUR-MTL)
Historically Purch to Other (PUR-UKN) was for things you’d expense right away (like shop supplies, office paper, consulting fees, etc…).
But with the advent of Buy To Order, an non-qty bearing part can be specified on a sales order. Then when a PO is made to fulfill that need, the “Purchase Other” is used.
One thing that’s thrown many people I’ve worked with is Last and Average cost only update when there is a transaction through inventory. A drop shipment does process through inventory. If you ship directly from jobs, there isn’t an inventory transaction for that parent part that is shipped.
I remember taking the costing class in the old boot camp series. It was the only 2 day class, so have fun with costing! There is a technical guide in the help file and you can now search on the transaction type in help to see the GL posting rules.
Jenn
@JennL is correct. You will only see part costs updated when the part moves through inventory. Purchase Direct and Make Direct (when not passed through inventory) do not update Average or Last Cost.
Charlie
