COST field in Maintain Parts

SOLVED

We just upgraded to BusinesWorks 2013.

So far all my data seems fine, but for some reason the COST field in Maintain Parts is greyed out and I cant see what my cost is! 

I also tried to recieve a purchase order thinking that putting my cost in there would then be reflected in the COST FIELD, but it's not. 

Is there a setting I need to change so that I can see my Cost??? sorta really necessary!

thanks

  • 0

    Look at your Inventory Status - its in the IC Utility menu

    Depending on your COSTING Method  (Standard, FIFO, LIFO, Average ) is how the COST field behaves

    Copied from the online help in BW 2013 (below)

    Basic terms & costing methods

    Each physical good that you sell or include with a service is called a part. The amount you pay for a part is the cost, and the amount you charge your customers for a part is the price. To expedite your sales, you may need to keep some parts in stock. All together, the parts that you have in stock make up your inventory. (For more definitions, see How I/C & O/E terms differ.)

    Using the available cost information, the system can compute the value of your inventory by any of four costing methods:

    Standard costing: An arbitrary figure you assign to a part indicating what its value should be.

    Average costing: If you use average costing, the system calculates a new unit cost each time parts are received.

    First-in, first-out (FIFO): Under FIFO, parts are received and issued at their actual cost, and the oldest parts are assumed to be issued first.

    Last-in, first-out (LIFO): Under LIFO, parts are received and issued at their actual cost, and the newest parts (most recently received) are assumed to be issued first.

    We recommend you discuss costing methods with your accountant before deciding on the costing method you use because the way you value your inventory can have a dramatic impact on your financial reports.

    The Sample transactions show how the different costing methods affect the valuation of your inventory.

  • 0 in reply to Vince Settipane

    would my costing method have changed in doing the upgrade? We've been using B/W for so many years that I can't remember how we used to have it set up.

  • 0 in reply to Morning Sun Jewelry

    To view last cost use PARTS INQUIRY not maintain parts, this goes true for MARGIN pricing

  • 0 in reply to Vince Settipane

    I am using Standard Costing - and yes, I can see my Cost in PARTS INQUIRY. That's good! Thanks for that tip.

    But before the conversion I could also see my Cost in the Maintain Parts screen - I need to be able to see Cost in that screen because I need access to my Components while I am reviewing my Cost .

    Any more ideas what could have changed?

  • 0 in reply to Morning Sun Jewelry

    You won't believe this....all of a sudden I am seeing my Cost in Maintain Parts.

    You guys are, like, MAGICAL!

    Thanks...

    (weird, huh?)

  • 0 in reply to Morning Sun Jewelry
    verified answer

    Actually, what I just figured out was that I could see COSTS while I was logged in as Manager, but when I logged in as as User my security settings were not updated.

    Not Magic after all. But you all helped me get there.... THANK YOU~!