When was the last time your company updated Visual’s standard (estimated) costs? Even if you run actual costing in Visual ERP, standard costs are important. Standard costs are used in the following places in Visual
- Adjusting a part into inventory.
- Customer Quotes.
- Comparison to actuals on a variety of work order reports.
- Temporarily on any transaction using inventory.
- Part of the calculation for partially received work orders.
It can impact your profit. Get your free step by step procedure for how to Update Standard Costs here – Actual Cost Database or Standard Cost Database.
