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Working together with both Standard and Actual Costing — Cloud Customer Connect
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Working together with both Standard and Actual Costing

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in Costing 4 comments

Hello,

We are planning to use two costing methods (Standard and Actual) under the same Cost Organization, with two different Cost Booked: one that will post data to the GL and one is ledger-less.

The primary Cost Book will be used with Standard Costing, and the ledger-less Cost Book will be used with Actual Costing.

The client would like to see how each inventory transactions will be booked with each Costing Method.

The issue is, once we do a Misc. Transactions Receipts, if we select 'Use Current Cost' as Yes, the system will take the Standard Cost from the Cost Scenario, but the Ledger-less cost book will not receive a Cost, hence we will receive an error during the costing processing. On the other hand, if we set the 'Use Current Cost' as 'No', and we enter a Cost, the Ledger-less Cost Book will have a Cost, but we will get variances in Standard Costing, since the Cost Scenario will not be used.

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