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Need to calculate the components of Cost of Goods Sold

Posted on by 10

We need to see the cost of goods sold broken out by actual material costs along with the related Freight, Customs, Duties, etc (these are added to the item cost via the Item Charge Assignment),

When looking at the Value Entry table, the item cost that is assigned to a sales order is a summation of the materials invoice along with any related item charge assignment invoices. So if we had an invoice for material for a unit cost of $1.00, and then additional invoices for customs at $.15, freight for $.25 and duties of $.10 - the unit cost in the value entry table is $1.50. How do we get a report to show each component ($1.00 material, $.15 customs, $.25 freight and $.10 duties).

  • azelaya59 Profile Picture
    azelaya59 2,807 on at
    RE: Need to calculate the components of Cost of Goods Sold

    I wrote Production..... I meant Purchase

  • azelaya59 Profile Picture
    azelaya59 2,807 on at
    RE: Need to calculate the components of Cost of Goods Sold

    Ok when I say VAR (Value Added Reseller) I mean the Microsoft Partner that sold you NAV. I totally understand that your IT staff is taxed at the moment, but with the legacy data, it will take time for someone or a team of people to look at each GL transaction and determine which bucket it should go in. Remember, all theses transactions are going into the same GL accounts and have the same document number (Production Order).  

  • Ben G Profile Picture
    Ben G 10 on at
    RE: Need to calculate the components of Cost of Goods Sold

    Thanks again - I'm not sure what VAR is but we do have an in-house IT team. However they are stretched with an upcoming upgrade.

    As far what you are proposing, I believe that may work going forward. My issue is how to get the past data points I need. I still need to know the link between the value entry numbers so that I can create a report.

  • azelaya59 Profile Picture
    azelaya59 2,807 on at
    RE: Need to calculate the components of Cost of Goods Sold

    OK I understand your position. I still think you should challenge your VAR for direction. They're are getting paid to be experts. I would still use Charge Items on the Purchase Orders. Now when it comes to allocation of these charges I would point them to different GL accounts like Duty payable, Ocean Freight Payable...... When the bill comes from the freight forwarder or customs broker, I would then create my Purchase Invoices equally pointing to the same GL accounts. This way you create a very close to true landed value for your COGS and there's value in the GL to pay the vendors. THEN..... Get JET reports to create the report you need.

  • Ben G Profile Picture
    Ben G 10 on at
    RE: Need to calculate the components of Cost of Goods Sold

    They are charge items but there are no P/O's associated to them as the vendor(s) for these charges are typically different than the materials vendors.

    We do not create PO's for these items since the amounts are usually not known at the time.

  • azelaya59 Profile Picture
    azelaya59 2,807 on at
    RE: Need to calculate the components of Cost of Goods Sold

    OK How are you adding these additional landed cost components? Are they charge Items on the purchase order?

  • Ben G Profile Picture
    Ben G 10 on at
    RE: Need to calculate the components of Cost of Goods Sold

    Thank you, I understand this is not a canned NAV report. I would like to see if we could build this report using JET but I would need to know which tables to use and how these are linked. I see the Item Ledger entry number is one link but I need to know how to link that back to the value entry number used for the sales invoice.

  • azelaya59 Profile Picture
    azelaya59 2,807 on at
    RE: Need to calculate the components of Cost of Goods Sold

    There is no standard NAV report for the granularities you speak of. Your requirements will join many tables. I suggest you challenge your VAR to create a custom report.  

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