19 Costing en Compiere

8/18/2019 19 Costing en Compiere

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Compiere Training Compiere Training

CostingCosting


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Costing2 C O N F I D E N T I A L

Agenda

Objectives & InfrastructureMethodsInventory Costing› Landed Costs

Project CostingManufacturing


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Costing is easy …

If things happen “at once in sequence”› PO created› Material Receipt› Purchase Invoice

• No Additional Costs– E.g. reight! Custo"s! ...

• No #t$ %iscount– E.g. &u$ ' pa$ ( ) get *

• No additional %iscount later – E.g. *+ on previous #uarter,-ear

› hen transact , sell it


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Costing( C O N F I D E N T I A L

Objectives

Mutipe !parae" Costing Methods› Costing Method in Accounting /che"a

• E.g. IO 0or Manage"ent Accounting /che"a 1 Average 0orLegal Reporting Accounting /che"a

› A&ilit$ to vie "ultiple Costing Methods

#upport of $standard% cost Methods› i de0ined 4traditional /td Costing5 or PO costs

#upport of !rea" $actua% cost Methods

#upport of !utipe" cost types


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Costing* C O N F I D E N T I A L

Costing Methods #uary

'er “actua costing” iseading› O0ten re0errers to PO rather then Invoice

Co(#)etc* #ources› /tandard Costing

› 6eighted Average PO Costing› 6eighted Average Invoice Costing› io 4Invoice5 Costing› Lio 4Invoice5 Costing

› Last PO Costs› Last Invoice Costs› 47ser %e0ined58


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#tandard Costing

+efine)Maintain #tandard !Current" Costs› I0 not de0ined derive 0ro" Inv,PO 0or 0irst ransaction› uture /tandard Costs and cost update.

,eceipt & Co(# at #tandard Cost

Cacuated› PP: 4/tandard Cost 1 PO costs5› IP: 4PO costs 1 Invoice costs5

• I0 no PO eists 4/tandard costs 1 Invoice costs5

Manuay update Current and -uture Costs› Process to calculate uture costs› Process to cop$ uture Costs to Current Costs


7/33Costing; C O N F I D E N T I A L

Average PO

.eighted Average Purchase Order Costing› Assu"es that $ou ala$s use Purchase Orders

,eceipt at PO CostsCo(# at Average PO Costs› 6eighted Average o0 Purchase Order #t$,Price

• /toc? Ea @ >?B PO= * Ea @ 2? Average PO Cost >3.33

• I0 PO not eists! uses Average PO Cost

1 no re)evaluation


8/33CostingD C O N F I D E N T I A L

Average Invoice

.eighted Average Invoice Costing,eceipt at Invoice Price› No Invoice e"porar$= PO price or Average Costs

Co(# at Average Inv Costs› 6eighted Average o0 Invoice #t$,Price

• /toc? Ea @ >? B Inv= * Ea @ 2? Average Inv Cost >3.33

› Average Inv Cost Adust"ent henPrice,#t$ Adust"ent• Optional correction o0 CoF/


9/33CostingG C O N F I D E N T I A L

-i-o Invoice Costing

-irst/In/-irst/Out of Invoice 0ty)Price› 7sing HueueJ o0 Invoice #t$,Price

,eceipt at Invoice Price› No Invoice e"porar$= PO price or 6eighted Inv Costs

Co(# at -i-o Costs› io Cost Adust"ent hen Price,#t$ Adust"ent

• Optional correction o0 CoF/


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1i-o Invoice Costing

#ae as -i-o2 just reverse “queue” echanis



.hat Costing Method 3

#tandard Costing› Allos to anal$Ke cost di00erences eas$› Maintenance e00ort reasona&le

Actua Costing› Is H0ashiona&leJ! &ut reuires co"ple "onitoring› Cost di00erences and trends hard to spot› No Maintenance ) &ut high "onitoring e00ort› orgs /uggestion

•

7se onl$! i0 $ou have a 0ull$ trained cost accountantCosting Method is independent froInventory 4auation› Co"piere allos $ou to use Actual Costs 0or valuation

ith /tandard Costing



Cost +ata 5ierarchy

Cost 'ype› Material Cost Ele"ents 4usuall$ calculated5

• Costing Methods 4all used B de0ined5– On Costing Level 4Client 1 Org 1 Lot,/erNo5

›

Other Cost Ele"ents 4"anuall$ entered5• Overhead! etc.– On Costing Level 4Client 1 Org 1 Lot,/erNo5



Cost +ata 67ape

Cost 'ype› Material Cost Ele"ents

• /tandard Cost >2• PO Average >?• Invoice Average >>• io G

› Other Cost Ele"ents• andling >• /torage >?+

Costs› /tandard Costs >2› PO Average >? B > >> B >?+ >2.>› Invoice Average >> B > >2 B >?+ >3.2



Cost 'ype

Aternative Costing #cenariosor Accounting #chea› Current› istor$

› uture! .#eect Cost 'ype per Accounting #chea



Cost 6eents

+efine any 8uber of Cost 6eentsCost 6eent 'ype› Material

• Costing Method› urden 4Material Overhead5

› Overhead› Resource› Outside Processing

Autoaticay Cacuated› Material Costs 0or Costing Method used

• Not /tandard Costing



Cost 6eents

Cost 6ntered per Product› Enter on Costing Level

• 4Client 1 OrganiKation 1 Lot,/erNo5– Not per 6arehouse Q 6arehouses o0 OrganiKation

›

Enter Current Cost• Cost per > 7OM› ) or ) Percent 4&ased on > 7OM cost5

• Ea"ple= Current Cost >?– /torage >?+ >>– /torage >?+ B andling 2?+ >3



Costing +ata Cacuated

+eterined by Materia Cost 6eent› Auto"aticall$ Created,:alidated

• %e0ine Costing Method– Accounting /che"a– Product Categor$ Accounting

› Manuall$ Created,Entered• As "an$ as $ou ant 4Average PO! Lio! 5

– Processing ' /torage Overhead

Costing 1eve

› enant 1 OrganiKation 46arehouse5 1 Lot,/erNo• Lot,/erNo Product Attri&ute



Costing #etup

Accounting #chea› Costing Method

• /tandard 1 Average 1 etc.

› Cost $pe•

%e0ault 1 uture 1 etc.› Costing Level• enant 1 OrganiKation 1 Lot,/erNo

› Adust Cost o0 Food /old 4CoF/5• Onl$ 0or Invoice Costing Methods 0or HlateJ Invoices

or Landed Costs 1 otherise posted to Cost Adust"entsProduct Category Accounting› Costing Method 4Overrite5› Costing Level 4Overrite5



PO Cost 6ntry

Purchase Order 1ine› Price he vendor price› Cost Price

• 7sed 0or PO Costs•

Including anticipated 0reight! discounts! ...• I0 e"pt$ or ? Price


20/33Costing2 C O N F I D E N T I A L

Co(#)etc* Cacuation

+efined on Cient 1eve for › /hip"ent 4CoF/5› Inter)Org Move"ents› HConsu"ing,CreatingJ events

• Inventor$ Count! Internal 7se! ProductionCacuation› ased on Cost Method› Ma$ include optional Cost $pes

• Cost Percentage• uture= i"e,6eight,:olu"e &ased Overhead8• Note= /tandard Cost is all inclusive 4i.e. includes Overhead!

reight! ..5


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Cost Adjustents !9"

: 1anded CostsOn AP Invoice 1ine› /elect Charge 4or even Product5

• E.g. reight! andling! ro


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Cost Adjustents !;"

Accounting› Invoice Line

• Cost Adust"ent 1 A,P– One line per Cost Allocation Line– 7sing allocated Product In0o

• Optionall$ Eplicit Cost Adust"ent

Costing› Create additional Cost %etails

• Cost $pe selected in Allocation•

Product , OrganiKation› Optionall$ rigger CoF/ price adust"ents8• I0 ena&led in Client Level


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#tandard Costing 67ape

9)9 < PO9= 9>6a ? @9>9) < ,eceipt9= 9>6a

9)B < #hipent9= 6a9)9> < PO;= 9>6a ? @9;

9)99 < Invoice9= 9>6a ? @999)9; < ,eceipt;= 9>6a9)9 < #hipent;= D6a9)9E < Invoice;= 9>6a ? @9E9)9 < Invoice9a= @ !9>7>*"

#et #td Cost :F >? fro PO,eceipt= 9> 7 @9> G9>HCo(#= 7 @9> G/:HPP4= 9> 7 @;

Cost= 9> 7 @99 IP4= 9> 7 @9,eceipt= 9> 7 @9> GJ9>:9HCo(#= D 7 @9> G/D:KHCost= 9> 7 @9E IP4= 9> 7 @;IP4= 9> 7 @>*


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.eighted Av Invoice Costing

9)9 < PO9= 9>6a ? @9>9) < ,eceipt9= 9>6a

9)B < #hipent9= 6a9)9> < PO;= 9>6a ? @9;

9)99 < Invoice9= 9>6a ? @99

9)9; < ,eceipt;= 9>6a9)9 < #hipent;= D6a9)9E < Invoice;= 9>6a ? @9E

9)9 < Invoice9a= @ !9>7>*"

/'ep Cost :F @9> fro PO,eceipt= 9> 7 @9> G9>HCo(#9= 7 @9> G/:H/

Cost= 9> 7 @99 :F @99Co(#9 Adj= 7 @9,eceipt= 9> 7 @99 GJ9>:9HCo(#;= D 7 @99 G/D:KHCost= 9> 7 @9E :F @9L!@99J9>9E")9N

Co(#; Adj= D 7 @;Co(#9 Adj= 7 @>*Cost Adj= :F @9*9BL!@99*J9>9E")9NCo(#; Adj= D 7 >*9B


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-i-o Costing 67ape

9)9 < PO9= 9>6a ? @9>9) < ,eceipt9= 9>6a

9)B < #hipent9= 6a9)9> < PO;= 9>6a ? @9;

9)99 < Invoice9= 9>6a ? @99

9)9; < ,eceipt;= 9>6a

9)9 < #hipent;= D6a9)9E < Invoice;= 9>6a ? @9E

9)9 < Invoice9a= @ !9>7>*"

/'ep Cost :F @9> fro PO,eceipt= 9> 7 @9> G9>HCo(#9= 7 @9> G9>/@9>H/

Cost= 9> 7 @99 G@99HCo(#9 Adj= 7 @9,eceipt= 9> 7 @99G@99J9>@99HCo(#;= 7 @99 J 7 @99Cost= 9> 7 @9E G>@99JK@9EH

Co(#; Adj= 7 @G>@99*JK@9EHCo(#9 Adj= 7 >*Co(#; Adj= 7 >*


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Accounting #uary

Inventory 8otInv,eceipt Co(# 67penseJ Other

,eceipt ,eceipt Current Costs

#hipent #hipent Current Costs

Invoice Payabes Invoice At

,I Match ,I Match IP4 ,eversed Origina

PP4

Adjust Payabes Cost Adjustent

Adjust Adjust Adjust +istribution


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Accounting 6ntries !9"

Purchase Order › Encu"&rance 4Co""it"ent5

,eceipt› %R= Inventor$ 4Product Asset5

CR= Not Invoiced Receipt› ased on Current Costs 4not corrected later5

#hipent› %R= CoF/

CR= Inventor$ 4or Proect5› ased on Current Costs

ith the option to adusted later


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Accounting 6ntries !;"

AP Invoice !(enera"› %R= Charge

%R= a 4Credit5%R= Epense%R= Inventor$ Clearing 40or not /ervice5%R= Cost Adust"ents 40or Landed Costs5

CR= Pa$a&lesCR= Pa$a&les 4/ervice5

AP Invoice 67apes› %R= Charge *?

%R= a *CR= Pa$a&les **

› %R= a * 4Landed Cost %istri&ution5%R= Cost Adust"ent 2?%R= Cost Adust"ent 3?

CR= Pa$a&les **› %R= Charge *? 4. Eplicit Cost Adust"ent5%R= a *

CR= Charge *?%R= Cost Adust"ent 2?%R= Cost Adust"ent 3?

CR= Pa$a&les **


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Accounting 6ntries !"

,eceipt < Invoice Match› %R= Not Invoiced Receipts

CR= Inventor$ Clearing%R,CR= IP:

› A"ounts• Not Invoiced Receipts

– Eact Reversal o0 Receipt Current Cost

• Inventor$ Clearing– Eact Invoice A"ount

• Invoice Price %i00erence– Calculated to &alance r


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Accounting 6ntries !E"

PO < Invoice Match› No Accounting Conseuence

PO < ,eceipt Match› %R,CR= PP:

CR,%R= PP: O00set› A"ount= Purchase Price 1 Current Costs

8ote “PP4”› he PP: ' O00set Account are O00 ) alance /heet ,

Inco"e /tate"ent Accounts 4i.e. HCosting AccountsJ5› Onl$ Posted i0 /tandard Costing is selected

• hin


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Costing ,oadap

OM Costing +ata› Product

• OrganiKation 4 6arehouse5– Cost $pe

» Accounting /che"a» Cost Ele"ent» ransactions 4"ulti)currenc$5

› 4%$na"ic5 Cost Rollup• or OM,Product• Optional all,speci0ic OrganiKation• 7sing certain Cost $pes• Converted to selecta&le currenc$

Copy Cost 'ype !deep copy"Cost 6eents based on 4oue2 .eight2 'ie…


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Costing ,oadap

Adjust Co(# / if to be corrected for Price)0tyAdjustents› Creates additional accounting entries 4no overrite5 and

reuires that period is open

Personne Costs› %i00erent Cost $pe 0or di00erent o&s• %irect ourl$,6ee


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Costing ,oadap

Project Costing› or direct Proect Purchase Orders

• 7se PO costs 4not the current costsT5– Or actual Invoice costs

• Cost Adust"ents charged directl$ to Proect• 4Currentl$ not directl$ received5

Manufacturing› raditional /tandard Costing› o &e evaluated

• Ma$&e "ied! e.g.– Purchased Products 1 io– Manu0actured Products 1 /tandard

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19 Costing en Compiere