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Finance | Project Operations, Human Resources, ...
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How to set up a Specific Identification Cost

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Posted on by 5

Hello,

I have been hired to start inventory control for an Ag Pump and Drilling Co.

They have the 2018 Dynamic SL software

For the Water pumps I am setting up Kits and I can't figure out how to input the "discounted" Kits price which is a set cost and is lower than the value of the components used for the kit.

I have set up these two different Kits

1st Test Kit (created by someone before me)

Valuation Method: Standard Cost 

Non-Stock 

Kit Cost entered in Stock Base Price

Variance Account: entered

Not checked to Explode Kit

2nd Kit (Created by me)

Valuation Method: Specific Identification

Stock Item

Kit Cost entered in Stock Base Price

Variance Account entered

Checked to Explode Kit

Both Kits will explode into purchase order, but do not pull up the discounted Kit Cost.

In the 2nd Test-kit created I was told by our client care service I should be able to enter this cost through 

Inventory Adjustments after the Kit is released. I was told not to enter a qty and just enter the total cost adjustment to the 'Specific Identification" , but I do not know where I set up a Specific Identification Cost.

Any help is appreciated.

My first time to reach out on this forum so sorry, if I am not in the correct forum for such a question.

I have the same question (0)
  • Bret Fraser Profile Picture
    Community Manager on at

    Hi Dinah,

    I am moving this thread to the SL forum,

    thanks,

    Bret

  • Dinah Pequeno Profile Picture
    5 on at

    Inventory

    Input

    Kit Assembly

    Thank you!

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