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ReportHi,
I would like to get your advise.. where could I assign GL Account Nubmber for
Standard Overhead Cost in Great Plain.
Thanks.
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Hi,
I would like to get your advise.. where could I assign GL Account Nubmber for
Standard Overhead Cost in Great Plain.
Thanks.
*This post is locked for comments
Complex question.
Are you using manufacturing?
Ultimately, in GL, the cost of inventory is held in one (or up to 9 if you are using manufacturing) GL Inventory asset accounts. If the Item is marked as a PERIODIC valuation method, the cost used is the standard cost.
There is a standard cost adjustment account that is needed and is usually a COGS type of account that holds the gain or loss of inventory value when the standard costs are changed.
Standard Cost is covered in detail in our Manufacturing Cost Accounting manual if you are using GP manufacturing.
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Almas Mahfooz
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