And as you can see here i have set that to 20% for my item. In the cost and posting section of the item card we have the field “Indirect Cost %”. Let us start by taking a look at our item card. We will have a look at how it is set up, how it works when we post and the effect is has on our reporting of sales profit. I will not discuss the uses of item charges in this article instead i will focus on the indirect cost that can be defined on the item card in Business Central. Item charges can be one way to handle indirect cost in Business Central.
People can use different terminology for things but for the purpose of this article i will define landed cost as the sum of the direct cost we pay to our vendor and indirect cost that can be shipping and handling etc. The cost mechanism i will discuss in this article is the use of indirect cost. And although a lot of trade businesses have a lot of similarities they also have their different needs and ways of working. But sometimes it can be hard to determine the best approach for each individual business case. I found the inspiration for this blog post from a question that was raised by one of the forum users.įor companies working with trade it is essential to implement good practices for handling cost of items both for inventory value purposes but also for reporting the correct profit for goods sold.īusiness Central offers a wide range of functionality for handling this.
B usiness Central got its own corner in this community and you should really check that out if you have never visited it. A lot of users find this a very useful and helpful places to raise questions and discussions.
There are also user forums where you can ask questions around the use of your Microsoft Dynamics product and discuss with other users and experts. For those of you how does not know what it is – it is a website run by Microsoft offering a lot of content around the Dynamics products. I am a frequent contributor to the Dynamics 365 Community. Dynamics Previous Versions Dynamics Previous Versions.Implementing Dynamics 365 Implementing Dynamics 365.Artificial Intelligence Artificial Intelligence.Dynamics 365 Products Dynamics 365 Products.
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