Skip to main content

Cost Management Key Points

 To setup cost management , there are some key points that you have to consider:

1.For items, be sure which method to use before to start to process transactions. Once you start process, it is not that easy to change the method. So be sure what you need for the item. (FIFO, Average,standard etc.) 

2.Do not forget to fill the item cost prices if you use the standard costing.

3.Know how each costing method works in the system. Which method need monthly closure process or not etc.

4.In which level you would like to report cost. Per site or warehouse only or more detailed per storage level.

5.Decide how to setup the ledger integration.

May use the links below for details:

https://www.youtube.com/watch?v=vXzlC-mOBcg

https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/cost-management-home-page

https://docs.microsoft.com/en-us/learn/paths/get-started-cost-accounting-supply-chains-dyn365-finance/

Comments

Post a Comment

Popular posts from this blog

Management Reporter (MR)

      Management reporter is  a tool that help users to create their own financial reports without customization/development or help from the IT team/consultants . Is used to prepare financial statements such as income statements, balance sheet etc which has the GL transactional/budget data and dimensions in D365 F&O. It was outside Ax but now you can reach within the D365 F&O.      You may use the functionalities below:          -    Transactional and Budgets Data          -     COA and Dimensions          -     Total Accounts          -     Report Variances          -     Pre Set Reports          -     Report Details of Transactions like voucher number, vendor and customer etc for audit reporting         -    Report for Consolidations         -    Report in Different Currencies
Post a Comment
Read more

D365 F&O Transportation Module (TMS)

      I would like to give some summary information on the TMS module. TMS module helps you manage your both inbound and outbound operations.   You can plan your shipments, routes, loads, appointments and drier check in/outs.  You can see the fastest or less expensive routes as an example with to assign rates and calculate with engines. Also you can manage and reconcile charges. Please find the Microsoft Documentation for the Module below: https://docs.microsoft.com/en-us/dynamics365/supply-chain/transportation/transportation-management-overview Also I like the video series below from Michael Cobbin which give detail for the TM module from Tech Talk: https://www.youtube.com/watch?v=gqGKgiDEQLk https://www.youtube.com/watch?v=gqGKgiDEQLk&list=PLaKeZD0fHWIp8zD088_6svgMZ5v1CmJGz&index=8 https://www.youtube.com/watch?v=9-gGUxeQSAc&t=1408s https://www.youtube.com/watch?v=gqGKgiDEQLk&t=1456s
Post a Comment
Read more

Tax Calculation Service (RCS)

      Tax Calculation service helps system to calculate complex taxes between country and locations and EU and multiple tax registration ids. For this purpose you have to setup RCS, enable feature and setup all the scenarios in the tax calculation engine. Not only it helps calculate these but more complex scenarios like calculation of taxes based on margin.     You may find the documentation of Microsoft below and also a video that briefly explains how system works. https://docs.microsoft.com/en-us/dynamics365/finance/localizations/global-tax-calcuation-service-overview https://www.youtube.com/watch?v=B2fN9AHoYnQ
Post a Comment
Read more