Limitations
Periodic Costing does not support the following:
• Memo accounts
Periodic Costing supports inventory and WIP accounts, but memo transactions do not support inventory, and therefore, Periodic Costing cannot support memo transactions.
• Average costing
QAD does not support average costing with Periodic Costing on top of average costing. Once Periodic Costing is implemented, you do not need average costing; Periodic Costing provides the WAVG costing method.
• Supplier consignment
Periodic Costing does not support supplier consignment.
• For supplier invoices, there is no variances concept in Period Costing.
• 13th accounting period
Periodic Costing does not currently support a consolidated entity or thirteenth period. Even when you change inventory accounts, the thirteenth period is not supported.
• For labor and burden costs:
• Periodic Costing does not let you provide rates or totals per department.
• Labor or burden (one of the two) does not let you enter values with more than two decimals.
• Outbound logistics charges —the transportation costs associated with the shipment of items from a company location to customers or other company locations— are not relevant to Periodic Costing.