TradeQloud Setup - Sales Cost
Sales Costs
Enable Sales Costs
Enable this feature to track sales costs in addition to the cost of goods sold. Once enabled, it is possible establish Sales Cost Budget records (master data).
Sales Cost Transactions
Select the demand transactions to which sales costs can be applied. After selection, the application will generate Transaction Sales Cost Budget records on the transaction, or it will offer users the option to add these manually to a transaction.
It is recommend that Sales Order & Invoice is populated in the Sales Cost Transactions field
Sales Cost Subsidiaries
Select the Subsidiaries that Sales Cost should execute on.
Sales Cost Locations
Select the Locations that Sales Cost should execute on.
Sales Cost Rounding
Allows specifying the decimal rounding precision for calculated sales cost values. This setting determines how the system rounds off the final amounts of Sales Costs allocated to each item or transaction line, ensuring consistency and accuracy in financial reporting.
The recommend Sales Cost Rounding is 3 decimals
Default Sales Cost PO Creation Method
Defines the standard action for generating POs (Purchase Orders) for costs.
This setting determines the default value on Customer, Item or Transaction Sales Costs (Budget) records. On individual records this setting can be changed as required.
Default Sales Cost Processing Method
The Sales Cost Processing defines the strategy for how the Sales Cost Record is transacted.
For more information, see the Sales Cost Processing Methods Page.
It is recommended that Change Rate and Custom GL Posting is set as the Default Sales Cost Processing Method
Default Sales Cost Custom Price Handling Method
Allows for the differentiation between custom pricing derived from customer master data versus custom pricing set on a transaction (by a user or via integration e.g. EDI). This setting only applies when:
The transaction line has the price level set to ‘Custom’
A Sales Cost applies that has ‘Change Rate’ set to TRUE
The following Custom Price Handling Methods options are available:
Always Change Custom Rate
Sales Cost will modify the rate in all scenarios.
Change Manually Entered Rates Only
Sales Cost will modify the rate if a user/integration or script has (manually) changed the rate on the transaction.
Change Customer/Item Specific Custom Pricing
Sales Cost will modify the rate if the rate is sourced from the Customer Item Pricing record.
Never Change Custom Rate
Sales Cost will never modify the rate.
It is recommend that Always Change Custom Rate is set as the Default Sales Cost Custom Price Handling Method
Default Percentage Rate Calculation Method
Select the default value to use as the starting value when a percentage Sales Cost is used to increase/decrease the rate.
For above percentage rate calculation methods following options are available:
Starting Rate
is the price (custom or price level) entered on the transaction line during creation of the transaction
Rate
is the calculated price after all sales costs set as 'Change Rate' = TRUE have been applied to the starting rate
Net Rate
is the calculated net margin after all sales costs set as 'Change Rate' = FALSE have been applied to the starting rate
It is recommended that Starting Rate is used in Default Percentage Rate Calculation Method fields
Automatically Process Sales Cost Variance
When a Sales Cost PO is billed, if there is a variance the script will automatically create a Journal for the variance.
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