Periodic Cost Calculation Periods
Important: This period setup description applies to the FIFO method.
Use PC Periods Maintenance (30.5.1.1) to define start and end dates for the cost periods for each GL period. The system uses these periods to determine the time periods (buckets) for cost calculations. The system maintains a cost set for every cost calculating period. The periods per GL period only apply to FIFO calculations and have a minimum period length of one per day and a maximum length of one per GL period.
You can redefine periods during the GL calendar year as required, as long as no Periodic Costing transactions exist and the GL period is open.
PC Periods Maintenance (30.5.1.1)
Calendar Year
Specify the GL calendar year for the cost period. Ensure that this value is a valid year. You use the Domain GL Period function to create, modify, and view the GL calendar year. For more information on the GL calendar, see
QAD Financials User Guide.
Calendar Period
Specify the GL period for the cost period. Ensure that this value is a valid GL period defined in GL Calendar Create.
Cost Calc Per Start
Specify the first date in this Periodic Costing period.
When you set up a new record, the default for the first period is the first day of the GL period. Subsequent periods default to the day following the previous period end value.
Cost Calc Per End
Specify the last date in this Periodic Costing period.
When you set up a new record, the default for the first period is the last day of the GL period.
Ensure that the last period ends with the last day of the GL period. Otherwise, errors occur during cost calculations.
