Component Create Costing
The Create Costing function allows users to generate detailed costings for a component, ensuring accurate financial tracking and alignment with customer and company standards. This feature is essential for maintaining transparency in production costs and supporting informed pricing decisions across projects. It is the starting point for building cost breakdowns for raw materials, trims, and other component-level inputs before they roll into style or order economics.
Creating a costing directly from a component ensures that all pricing, logistics, and financial details are accurately associated with that item. This helps maintain consistent cost tracking, simplifies reporting, and supports efficient decision-making when reviewing profit margins or supplier quotes. When you initiate the Create Costing action, a pop-up window appears with all required fields to complete the costing entry.
Core Actions
| Action | Description |
|---|---|
| Open Create Costing | Click Create Costing from the sidebar widgets to open the costing form. |
| Complete Required Fields | Fill in all mandatory fields (Account Manager, Template, Buy Terms, Buy Currency). |
| Add Costing | Click Add to save the costing. The new entry is automatically added to the component's Costing History. |
Form Fields
When creating a costing for a component, the pop-up window contains the following fields:
| Field | Description |
|---|---|
| Account Manager (Mandatory) | Assigns responsibility for the costing entry. |
| Template (Mandatory) | Defines the costing format and pre-set calculation structure. |
| Buy Terms (Mandatory) | Indicates the agreed purchase terms between supplier and buyer. |
| Buy Currency (Mandatory) | Sets the currency in which costing will be calculated. |
| Item | Displays the component's Number, Sell Price, and Currency. |
| Customer | Shows Customer Name and Department. These can be configured to default in Site Settings > Costing > General Settings > Default. |
| Duty and Freight | Includes Freight In and Other Costs, allowing for comprehensive cost coverage. |
Important Notes When Using Create Costing
Mandatory Fields: Ensure all required fields (Account Manager, Template, Buy Terms, and Buy Currency) are completed before clicking Add to prevent submission errors.
Template Selection: Choose a relevant template that matches the component type to maintain costing accuracy and consistency across your records.
Costing History: Every costing created from a component is automatically added to the component's Costing History for audit and tracking purposes.
Best Practices
Set Default Values: Configure default customer and department settings in Site Settings > Costing > General Settings > Default to speed up data entry.
Verify Before Submitting: Double-check all mandatory fields and currency selections before saving to avoid errors that require correction.
Use Templates Accurately: Select a template that aligns with the component type and your costing workflow to ensure consistent and accurate records across your organisation.