Implementation - Costing
Costing implementation consists of:
Purchasing the Costing Option
Setting "Software Switches" that determine how the Costing system will operate.
Purchasing the Costing Option
Call Mapcon Technologies Inc. and provide them with your Serial Number and Purchase Date. They will log your Purchase Order and provide you with an initialization code that will unlock the Costing Option.
Click on Administration / Installs and Utilities / Installs & Utilities. Then, click on the Costing Check Box in the Install Option Group Box. When prompted, enter the initialization code that you were provided. Costing has now been turned on.
Software Switches
Access via the Administration Icon : Initialization and Utilities : System Initialization.
System Initialization uses a Notebook with six Tabs. You are only concerned with the Costing Tab.
Enable the Cost Accounting System - Place a check mark in this Check box.
Fiscal Period Control Group Box
Starting Date of Current Fiscal Year - The Fiscal Year must start on the first day of the month.
Number of Fiscal Periods - You may divide the Fiscal Year into 1, 2, 4, 6, 12 or 13 Fiscal Periods.
Current Fiscal Period - Enter the number of the Current Fiscal Period prior to enabling the Cost Accounting System. The system will manage this number thereafter. For example, if you use four Fiscal Periods, a calendar Fiscal Year and you wish to start Cost Accounting on July 1st, the Current Fiscal Period should be set to 3.
Service Contract Period - Enter the number of the Current Fiscal Period prior to enabling the Cost Accounting System. The system will manage this number thereafter.
Labor Cost Options Group Box
% Burden to add to Employee Pay Rates - If costs are based on Employee Pay Rates, a percentage burden can automatically be added to the Employee Pay Rate. This is used to account for tax and other overhead expenses. Burden is not added to Skill Code Rates. Skill Code Rates should already include any desired Burden. Enter the desired Employee Pay Rate Burden here.
Add Burden to Overtime Rates - Check this Box if you want to add Burden to Employee Overtime Rates. Otherwise, Burden will be added only to the Employee's Straight Time (non-overtime) Rate.
Charge Labor Costs Using Group Box
Labor Costs can be based on Employee Pay Rates plus a Burden or Skill Code Rates. Select the desired option.
Charge Inventory Costs Using Group Box
Select the Standard Cost or Running Average costing method.
Costing Validation Tables - Click on the Administration Button and then the Costing Button to invoke the Costing Administration Menu. Enter data into the following Validation Tables:
Cost Centers
Departments
Charge Codes
Ledger Accounts