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Cost Cutoff Date

in Costing 1 comment

Summary:

Our client wants to switch Cost Cutoff date option from Auto to User-Defined and set Cost Cutoff date as future date like year-end date for ex. 31-Dec-2024. This Cost cutoff date will be manually reset every year.

Do you see any concern with this approach based on your experience?

Note:

  1. The reason to switch from Auto to User-Defined option is to allow costing in the new Cost Accounting period for transactions created in new period without waiting for previous period to be closed.
  2. No requirement to enter backdated transactions

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