Accolent ERP uses Average Cost (or FIFO cost if selected) throughout the system for non-Lot-controlled Products. However, whether the system is set to use Average Cost or FIFO cost, Lot-controlled products will always use Lot Costing. In Lot Costing, the system records the specific Lot Cost for every Lot when it is received in, then […]
Category: Price/Cost
Using Product Costs
Accolent ERP records up to four different costs for each product in each warehouse. The four product costs are referred to as: Standard Cost, Alternate Cost, Special Cost and Average Cost and are used for different purposes. Standard Cost is typically used for recording the overhead-burdened business cost of a product. Alternate Cost is typically […]
Change One Cost Using Another Cost
Accolent ERP provides various utilities that allow for maintenance and updating of Costs and Prices. These utilities are accessed from Price/Cost > Adjust Costs and Price > Change Costs / Price Options. There are three options available: (1) Change Costs and/or Price by a Specified Percentage; (2) Change Prices by a Factor of Costs; and […]
Change Prices by a Factor of Cost
Accolent ERP provides various utilities that allow for maintenance and updating of Costs and Prices. These utilities are accessed from Price/Cost > Adjust Costs and Price > Change Costs / Price Options. There are three options available: (1) Change Costs and/or Price by a Specified Percentage; (2) Change Prices by a Factor of Costs; and […]
Entering Future Costs
Accolent ERP supports four Costs for each product: Standard Cost, Alternate Cost, Special Cost and Average Cost. Average Cost is calculated internally by the system. For each of the other three Costs, Accolent ERP allows entry of a future cost together with the future date at which that future cost becomes operable. On a daily […]
Change Costs and/or Prices by a Specified Percentage
Accolent ERP provides various utilities that allow for maintenance and updating of Costs and Prices. These utilities are accessed from Price/Cost > Adjust Costs and Price > Change Costs / Price Options. There are three options available: (1) Change Costs and/or Price by a Specified Percentage; (2) Change Prices by a Factor of Costs; and […]
Average Cost Calculations
Accolent ERP uses Average Cost throughout for purposes of maintaining Inventory balances and for calculating Cost of Goods Sold (COGS). If Landed Costs are entered upon PO Receiving, these are treated as direct costs of the product in accordance with GAAP and are included in Average Cost and capitalized into Inventory. The Average Cost calculations […]
Using Contract Pricing
Contracts are the highest level in the pricing hierarchy and are checked before any other method of pricing. Multiple Contracts may be specified for a customer, and each assigned a priority level. The system’s pricing check starts with the Contract with the highest priority and continues through all linked Contracts in order of priority until […]
Using Special Pricing
Special Pricing is applied on top of the other product discount schemes but not on top of Contracts and Promotional Pricing. Special Pricing for a customer may be set up for specific products, or by specific categories, or to give an overall discount. When a customer has multiple Special Pricing discounts, only one will be […]