Cost Accounting Status on Item Records

Inventory and assembly item records include a Cost Accounting Status field that identifies the state of Cost Accounting calculations for that item. For Multi-Location Inventory users, the status is identified per location.

Note:

This field is hidden by default. You must customize the item page to display this field. For more information, see Creating Item Records.

The Cost Accounting Status indicated can be one of the following:

• In Queue – flagged for Cost Accounting but calculations are not running yet

• In Process – flagged for Cost Accounting and calculations are currently running

• Completed – not flagged for Cost Accounting and calculations are not running

• Error – Cost Accounting calculations failed

When a new transaction is entered that affects Cost Accounting for an item, note the following. The cost accounting status for the item is set to In Queue if the current cost accounting status is either Completed or Blank. If the item status is In Process or Error, the status is not reset.

The Cost Accounting Status indicated for serial or lot numbered items can be one of the following:

• Pending – flagged for Cost Accounting but calculations are not running yet

• Processing – flagged for Cost Accounting and calculations are currently running

• Complete – not flagged for Cost Accounting and calculations are not running

• Failed – Cost Accounting calculations failed

Note:

The Cost Accounting Status field is blank if Cost Accounting calculations have never been run for the item/location.

Related Topics

• Setting Inventory Costing Preferences
• Costing Methods
• Selecting a Default Cost of Goods Sold (COGS) Account
• Inventory Costing and Assembly Items
• LIFO/FIFO Inventory Costing and Advanced Receiving
• System Cost of Goods Sold Adjustments
• Viewing Inventory Reports
• Inventory Costing Recalculations
• Troubleshoot Inventory Costing
• Item Return Costing
• Group Average Costing
• Standard Costing
• Item Costing

General Notices