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Acumatica Tip: Avoid Zero Cost on Sales Orders

This video provides a solution for new Acumatica users to avoid having zero cost on their sales orders.

(a) Challenges

  • When a new item is created in Acumatica, the cost defaults to zero.
  • The zero cost will then flow through to sales orders and impact profitability reports.
  • Businesses need to have an accurate cost associated with each order to properly measure profitability.

(b) Solution and Benefits

  • When creating a new item, input an estimated cost in the “Last Cost” field of the Stock Item.
    • This can be a vendor price, price from a price list, or even a ballpark figure.
    • This provides the system with a starting point for calculating costs on sales orders and other transactions.
  • Acumatica will automatically recalculate the average cost and other related fields upon receipt of the item and booking of the purchase receipt.
  • Benefits:
    • Avoids zero cost on sales orders, leading to more accurate profitability reporting.
    • Provides a more accurate starting point for cost calculations.
    • Reduces manual work by leveraging Acumatica’s automation features.

This simple solution provided by Balaji D, an Associate Principal Consultant at Tayana Solutions, helps Acumatica users understand the importance of seemingly small settings and how they can have a significant impact on the system. Balaji has over 13 years of experience in the ERP world and has solved over 500 unique Acumatica scenarios. To learn more and optimize your Acumatica implementation, contact Tayana Solutions at 678-910-2774.