Presently when a sales order is created a "Cost Price" is written onto the sales order line. This cost price is a reflection of the margin basis (per the valuation method) at the time of sales order creation. This cost price flows forth to the shipment line and then onto the invoice line. It would be nice if a parameter was created to allow for this cost price to be updated at the time of shipment and/or invoice creation so that it reflects the updated cost at the time of that document creation. (This would be especially useful for organizations that do not run on standard costs and their sales order fulfillment cycle is extended.)
by: Kevin C. | over a year ago | Financials
Comments
Along these same lines I have a client that was looking for capability on their sales quotes to be able to run a function that would look at all their open sales quotes/sales orders and update the cost price to reflect the new costs. They establish quotes/orders for long period contracts and they will oftentimes update their standard costs mid way through the contractual period.