Costing Method 365 – make uncomplicated changes to the costing method
The Costing Method 365 app is a tool that complements the Microsoft Dynamics 365 Business Central package. It is a special solution that allows you to retrospectively change the costing method. This is also possible during operation and without any loss of data.
Fast amendment without data loss
Once set up, the costing method information, as well as the item tracking code and base unit code, is saved in the Microsoft Dynamics 365 Business Central application. When you post item movements, the system always uses this item information as a basis. Different costing methods that access the same basic data can generate widely differing costs and inventory values.
The Costing Method 365 app allows you to modify the item information that is actually saved. Correct historical cost information in the item entries and other transaction data remain untouched when making this change, meaning you don't have to set anything up again and restore it.
Fast assistance with user errors
If the valuation basis (LIFO, FIFO, average, ...) is incorrectly assigned during setup, cost and inventory values may not be calculated as you desire. The Costing Method 365 application allows you to remedy this and change the method for the future from the effective date.
Legal reasons can also crop up.
Should changes occur in the company, it may also be necessary to adjust the costing method. This is the case, for example, if you are aiming to conform with International Accounting Standards (IAS): For example, you exclude LIFO costing method. You can easily change the method with the app.
You change your procurement – or find a practical approach
If you have previously manufactured an item yourself in the company and want to purchase it in future, you may want to adjust the costing method accordingly. The same applies if the number ranges of items with serial or batch numbers are to be converted. You may also simply find that you want to work with different base units and convert the conversions differently when purchasing and selling.
Advantages of the Costing Method 365 app
Individuelle Anpassung für schnelle Analyse
- you can change the costing method without losing historical information.
- thanks to the value flow batch items, you can always see at which point in the value flow changes have been made for which items.
- make changes in the same way you are used to from Microsoft Dynamics 365 Business Central
- make changes in the same way you are used to from Microsoft Dynamics 365 Business Central, via proposals that you have had filled in automatically or filled in manually yourself.
- define new standard costs
- comprehensively change your costing methods without special knowledge through batch processing
Screenshots of the application
Costing Method is a handy tool developed in Microsoft Dynamics 365 Business Central to allow users to intuitively and easily modify what should be fixed item information after initial setup. Doing so prevents costly new creation of items and far-reaching errors, and corrects the bases for inventory value determination and cost prices. All functions can be found in the associated application guide.
You can choose two between models for the solution: If you would like the option of cancelling on a monthly basis, the cost is 199.00 euros per month. With the annual subscription option, you pay only 169,00 euros per month.
Whether due to a user error or a change in the company or in procurement: it may be necessary to adjust the costing method. Without the Costing Method app, this is not possible in Microsoft Dynamics 365 Business Central. With the app, on the other hand, the change can be made without further intervention.
Costing Method 365
|CKL Add-on||billed monthly1||billed annually2 per month|
|Costing Method||€ 199.00||€ 169.00|
1 billed monthly and can be cancelled monthly. Automatic renewal for a further period if not cancelled.
2 billed annually, automatic renewal for a further period if not cancelled.