I'm trying to understand the difference between "Standard Cost" and "Weighted Cost" in Proceed. I'd like to adjust this in the system.
I'm trying to understand the difference between "Standard Cost" and "Weighted Cost" in Proceed. I'd like to adjust this in the system.
In Proceed Software, you can use either "Standard Cost" or "Weighted Average" cost. You set these values on the "Edit Item Screen". This is located in the system utilities with a path of: Setup -> Inventory -> Item Types. The setting for each item type is in the upper right hand corner of the screen. If you change these settings, then the change will be applied to that group of items in a big way. After the change, an item's cost will then be dependant on the cost you select. This applies to Quotes, Sales Orders, Work Order Receipts, Purchase Order Receipts and Invnetory.