Costs of items can be shared across organizations using standard costing. This is a unique feature of Standard Costing method.
If standard costs are shared across multiple organizations, costs are maintained by the cost master organization and shared by the child cost organizations. Costs cannot be entered into the child cost organizations. All reports, inquiries, and processes use the shared costs.
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Hi Sam, Can u tell me how do u setup a standard costing orgn to share costs with other orgn in the instance?
ReplyDeleteYou can mail me at revathy2002@gmail.com
Thanks Sam.
Hello Revathy,
ReplyDeleteYou can share costs across standard cost organizations as long as the child cost organizations have not enabled WIP. You cannot share costs across average costing organizations. The two item attribute controls, Costing Enabled and Inventory Asset
Value determine whether you share costs. If you plan to share costs
across standard costing organizations, set the control level for these
attributes to the item level. The organization that holds the costs is called the cost master organization. Costs are maintained by the cost master organization and shared by the child cost organizations. All reports, inquiries, and processes use the shared costs. You cannot enter costs into the child cost organizations. For each organization to create and maintain its own costs, set the control level for Costing Enabled and Inventory Asset Value item
attributes to the item/org level. Even if each organization holds its own costs, they can share the same common item master. To share costs, select the cost master organization as the costing organization in org parameters