Screenshot:Cost Adjustment

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Cost Adjustment

Cost Adjustment window allows to review product transaction's cost adjustments caused by changes in purchase prices, landed cost allocation or manual/negative cost corrections.

Header

Cost adjustment documents are automatically created by either the "Costing Background" Process or the "Price Correction Background" process as applicable, depending on the source of the adjustment.

• Organization : Organizational entity within client
• Document Type : A value defining what sequence and process setup are used to handle this document.
• Document No. : An often automatically generated identifier for all documents.
• Reference Date
• Source Process
• Processed : A confirmation that the associated documents or requests are processed.
• Process
• Document Status : The Document Status indicates the status of a document at this time.
• Cost Adjustment Cancel
• Cancel Cost Adjustment : Cancel Cost Adjustment
• Posted : An accounting status button that indicates if the transaction has already been posted to the general ledger or not.
• Process Now : A request to process the respective document or task.
• Cost Adjustment
• Client : Client for this installation.
• Active : A flag indicating whether this record is available for use or de-activated.

Line

A cost adjustment document can have as many adjustment lines as products included in the receipts to which landed cost have been allocated.

• Line No. : A line stating the position of this request in the document.
• Organization : Organizational entity within client
• Inventory Transaction
• Adjustment Amount
• Currency : An accepted medium of monetary exchange that may vary across countries.
• Is Source
• Parent Cost Adjustment Line
• Needs Posting
• Accounting Date : The date this transaction is recorded for in the general ledger.
• Unit Cost : When checked the cost amount is considered part of the unit cost of the transaction or a cost added like freight costs or insurance costs.
• Is Backdated Trx
• Is Negative Stock Correction
• Is Related Transaction Adjusted
• Cost Adjustment Line
• Cost Adjustment
• Client : Client for this installation.
• Active : A flag indicating whether this record is available for use or de-activated.

Accounting

This tab provides Cost Adjustment accounting information.

• Client : Client for this installation.
• Organization : Organizational entity within client
• Active : A flag indicating whether this record is available for use or de-activated.
• Record ID : An record identifier in the dictionary.
• General Ledger : The book containing all financial transactions recorded for the legal entity.
• Currency : An accepted medium of monetary exchange that may vary across countries.
• Period : A specified time period.
• Accounting Date : The date this transaction is recorded for in the general ledger.
• Sequence Number : The order of records in a specified document.
• Account : The identification code used for accounting.
• Value : Value of the account used in the entry.
• Accounting entry Description : Description of the accounting entry
• Debit : The amount debited to an account, converted to the organization default currency.
• Credit : The amount credited to an account, converted to the organization default currency.
• Description : A space to write additional related information.
• Business Partner : Anyone who takes part in daily business operations by acting as a customer, employee, etc.
• Product : An item produced by a process.
• Project : Identifier of a project defined within the Project & Service Management module.
• Cost Center : Division that adds to the cost of an organization
• Asset : An item which is owned and exchangeable for cash.
• 1st Dimension : A display of optional elements that are previously defined for this account combination.
• 2nd Dimension : A display of optional elements that are previously defined for this account combination.
• Withholding : Withholding
• UOM : A non monetary unit of measure.
• Type : Type of entry (Normal, Closing, Opening, Regularization)
• Trx Organization : The organization which performs or initiates the transaction.
• Transaction Date : The date that a specified transaction is entered into the application.
• Tax : The percentage of money requested by the government for this specified product or transaction.
• Table : A dictionary table used for this tab that points to the database table.
• Storage Bin : A set of coordinates (x, y, z) which help locate an item in a warehouse.
• Sales Region : A defined section of the world where sales efforts will be focused.
• Sales Campaign : An advertising effort aimed at increasing sales.
• Record ID 2 : Payment the fact refers to.
• Quantity : The number of a certain item.
• Posting Type : A distinct posting amount characteristic used for processes and sometimes grouped within a category.
• Location to Address : The location where items are sent to.
• Location from Address : The location where items are sent from.
• Line ID : Transaction line ID (internal)
• Group ID : Accounting entry group ID
• G/L Category : A classification used to group lines in the general ledger.
• Foreign Currency Debit : The amount debited from the account, given in provider currency.
• Foreign Currency Credit : The amount credited from the account, given in provider currency.
• Document Type : A value defining what sequence and process setup are used to handle this document.
• Document Category : A classification of document types that are shown and processed in the same window.
• Activity : A distinct activity defined and used in activity based management.
• Accounting Fact

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