Periodic Costing General Setup

Periodic Costing Setup and Initialization > Periodic Costing General Setup

Periodic Costing General Setup

To use Periodic Costing, set up the following items:

• Inventory Accounting Control

• Periodic Costing Sub-Ledger

• Periodic Costing Daybooks

• Periodic Costing Control

• Periodic Cost Calculation Periods

• Periodic Costing Cost Sets

• Work Center Rates

• Loading Work Center Rates from XML

• Cost Set Elements

Note: For information on work center rates, see (this period burden cost * this period receipt quantity + last period burden cost * last period item quantity balance + this period burden cost adjustment) / (this period receipt quantity + last period item quantity balance).

After these items are set up, you initialize Periodic Costing before using it for the first time. See Loading Work Center Rates from XML.