Contents of the Create Cost of Goods Sold Entries Screen
Use the fields and options to configure the Create Cost of Goods Sold Entries screen.
Create Cost of Goods Sold Entries
Use the fields in this block to create a new parameter ID or to retrieve a previously saved parameter ID. A parameter ID represents a set of screen selection parameters. After you have saved a parameter ID and its related parameters, you can retrieve them using Query.
You can use the retrieved parameters to produce reports and run processes more efficiently and with greater consistency. The saved parameters are also useful and necessary when you want to run the process as part of a batch job. Many users save a unique set of parameters for each different way they run a report or process. When you select a previously saved parameter ID or parameter description, the associated saved screen selection parameters automatically display as selection defaults. The page setup and print options, if there are any, are also included in the saved parameter ID. You can change any of the associated selection defaults as necessary.
Field | Description |
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Parameter ID |
Enter, or click
When you save your record, all the selections made on the screen are stored with the parameter ID. Later, you can retrieve the parameter using Query. You can use the parameter to run the process more efficiently because you can select the parameter ID with its previously defined screen selections. After the default selections display on the screen, you can override the defaults. |
Description |
Enter, or click
|
Selection Ranges
Projects
Use these fields to select the projects for which you compute the cost of goods sold entry.
Field | Description |
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Option |
Enter or select the range of projects to include on the journal entry. Valid options are:
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Start |
Enter, or click
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End |
Enter, or click
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Ending Subpd
Use these fields to identify the ending period you would like to use in the computation of the journal entry.
Field | Description |
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Option |
This field always displays From Beginning. |
Fiscal Year |
Enter, or click
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Period |
Enter, or click
|
Subpd |
Enter, or click
|
Ending Date |
This non-editable field displays the subperiod ending date. |
Options
Select Rate Type
Use the options in this group box to select the rate type you want to include in the journal entry. This selection should be consistent with the rate type used to post revenue. This selection is not used in the creation of the COGS journal entry unless the COGS Calculation Method is Billed Amount, Estimate at Completion, as selected on the Manage Cost of Goods Sold screen. This rate is used to compute indirect costs.
Field | Description |
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Actual |
If you select this option, Costpoint uses the actual rate from the Pool Rates subtask of the Manage Cost Pools screen to calculate the indirect costs. Be sure that you have calculated indirect rates for the period entered. |
Target |
If you select this option, Costpoint uses the target rate from the Pool Rates subtask of the Manage Cost Pools screen to calculate the indirect costs. Be sure that you have entered the indirect rates for the period entered on the Pool Rates subtask. |
Compute COGS Transfer JE |
Click
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