Empowered functionalities

Advanced Costing

Description

When users purchase an item, they may incur additional costs such as shipping, customs clearance, and insurance. These costs can be directly booked in users` accounting system, but this can inflate their inventory value, which may not accurately reflect the true cost of the goods. Additionally, users may want to consider upcoming end-of-year volume discounts when calculating their margins and sales prices. These discounts can impact the real cost of the goods, but standard Business Central does not offer a way to handle this.

Advanced Costing functionality helps users calculate the true cost of an item, including all additional costs such as shipping, customs clearance, insurance, and volume discounts. This allows users to make more informed decisions about pricing and inventory management.

With Advanced Costing functionality users can:

  • Set up additional costs/reductions per item or item category
  • Calculate the true cost of the items, including all additional costs such as shipping, customs clearance, insurance, and volume discounts
  • Get more accurate margins and sales prices by accounting for all additional costs
  • Improve profitability by factoring in upcoming end-of-year discounts when calculating the margins
  • Get a real-time view of the margins for informed pricing and inventory management decisions

Functionality Demo

Specifications

Screenshots

Included in Empowered Business Central for

Wholesale and Distribution

Manufacturing

Retail

Professional Services

Prerequisites

Companial Membership

Countries

Austria

Belgium

Canada

Denmark

Finland

France

Germany

Ireland

Italy

Netherlands

Norway

Spain

Sweden

Switzerland

United Kingdom

Bulgaria

Cyprus

Croatia

Czechia

Estonia

Greece

Hungary

Latvia

Lithuania

Malta

Poland

Romania

Slovakia

Slovenia

Languages

English

German

Spanish

Italian

You can order Empowered Business Central directly from Companial Marketplace. If you are not a member yet, inquire here.

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