Item Cost

caution

This documentation is incomplete.

Inventory item costs are maintained in 2 different groups in inoERP

1. Reporting Item Cost
   You can create many different versions of reporting item costs for the same item. The system does not use reporting item costs for any transactions/accounting.

2. Frozen Item Cost
   The system uses frozen costs for all operational activities. You can only run the cost update program to create frozen costs from a reporting cost. You can't manually create/update frozen item costs.

An item cost consists of

• a header with an item number and an organization
• several cost elements

Header

To create/view/update an item cost, navigate to the "item cost" screen from your dashboard/favorite.

Enter the organization/item cost details or any other criteria in the search form and click on the search button to view an existing item cost.

If you don't enter organization details, the system will show you all the item costs. If your organization has configured to make any field mandatory for search, then you have to enter those fields to search item costs.
The application will fetch all the server data and take you to the search result screen. The search result screen looks a bit different on desktop and mobile devices.

If you click on the create new button, the system will open a simple step form to create a new item cost. You can click on the detail right bottom to view all the fields available for the object.

To view the search result in a table format, click on the table icon available on the bottom left corner.

To view specific item cost details, click on the menu of that record, and click on view/fetch & view.

You can also click on the expand icon against any item on the search result screen to view the item cost header details, such as item number, UOM, etc.

The system will fetch all the selected item cost data. Depending on the device size, the cost details are shown either right to the search result screen or on a separate screen.

Scroll left, right, up, down to view all the details. The document line and details are shown in a separate tab.. The default configuration shows fields in various functional groups such as

• Finance
• Entity
• Reference
• Data
• Control
• Etc

You can configure the application to show which fields should be shown under which group. You can also create new groups as per your business requirements.

All Fields

Sequence	Name	Label	InputType	Field Group
10	vvInvOrgCode	Inv Org Code	deferredSelect	ENTITY
10	vvItemNumber	Item Number	deferredSelect	DEFAULT
20	vvItemDescription	Item Description	deferredSelect	DEFAULT
30	vvCostingMethod	Costing Method	InputType.text	FINANCE
40	vvCostingEnabledCb	Costing Enabled Cb	InputType.text	FINANCE
50	vvUomCode	Uom Code	deferredSelect	DEFAULT
60	vvTotalAmount	Total Amount	InputType.text	FINANCE
70	vvCostType	Cost Type	deferredSelect	CONTROL
80	cstItemCostHeaderId	Cst Item Cost Header Id	InputType.text	REFERENCE
90	srcEntityName	Src Entity Name	deferredSelect	DEFAULT
100	srcEntityId	Src Entity Id	InputType.text	REFERENCE
110	cstCostTypeId	Cst Cost Type Id	InputType.number	CONTROL
120	invOrgId	Inv Org Id	deferredSelect	REFERENCE
130	invItemMasterId	Inv Item Master Id	deferredSelect	REFERENCE
140	basedOnRollupCb	Based On Rollup Cb	InputType.switchField	DEFAULT
150	includeInRollupCb	Include In Rollup Cb	InputType.switchField	DEFAULT
160	salesPrice	Sales Price	InputType.textField	FINANCE
170	purchasePrice	Purchase Price	InputType.textField	FINANCE
220	docStatus	Doc Status	InputType.select	CONTROL
5180	createdBy	Created By	InputType.text	REFERENCE
5190	creationDate	Creation Date	InputType.text	REFERENCE
5200	lastUpdatedBy	Last Updated By	InputType.text	REFERENCE
5210	lastUpdateDate	Last Update Date	InputType.text	REFERENCE

Lines

You can add multiple lines to each item's cost header. Each item cost line contains cost element code, cost element type, amount.

Navigate to the lines tab to view/add/update lines.
Click on the add new entity to add a new line. If a line already exists, click on copy entity to copy all the details. You can enable/disable fields allowed to be copied in the menu configuration.

Cost Element Code: Enter a cost element code. The system will show the base cost element type.

amount: Enter the cost amount for the cost element.

The reference groups show various ids for reference only. You don't need to enter any information in this section. When you save an item cost for the first time, the system will auto-populate the newly created header id and line ids.

Scroll left, right, up, and down view all other fields.

Enter all the other fields and click on the save button to save the item cost. The app will post all the data to the server and will show the messages returned from the server.

All Fields

Sequence	Name	Label	InputType	Field Group
10	vvCostElementCode	Cost Element Code	deferredSelect	FINANCE
10	vvCostElementType	Cost Element Type	InputType.text	CONTROL
20	vvCostElementDescription	Cost Element Description	InputType.text	FINANCE
30	cstItemCostLineId	Cst Item Cost Line Id	InputType.text	REFERENCE
40	cstItemCostHeaderId	Cst Item Cost Header Id	InputType.text	REFERENCE
50	cstCostElementId	Cst Cost Element Id	deferredSelect	REFERENCE
60	amount	Amount	InputType.textField	FINANCE
70	costBasis	Cost Basis	InputType.textField	FINANCE
80	thisLevelCb	This Level Cb	InputType.switchField	DEFAULT
90	status	Status	InputType.textField	CONTROL
5100	createdBy	Created By	InputType.text	REFERENCE
5110	creationDate	Creation Date	InputType.text	REFERENCE
5120	lastUpdatedBy	Last Updated By	InputType.text	REFERENCE
5130	lastUpdateDate	Last Update Date	InputType.text	REFERENCE

Actions

Actions allow you to update the frozen cost from an item cost.
You can also use " Cost Update Program" to update item costs for several items.
"Cost RollUp" allows you to calculate the cost of an item with BOM. The system rolls up the cost of all child component costs to the item cost.