Product Codes

Product codes allow you to group similar types of items and assign each group an identifying code. Product codes can override system-wide parameters for a subset of items. Use the Product Codes form to set up:

  • Price markups
  • Discounts
  • General Ledger accounts
  • APS tolerance factors
  • Selection criteria for reports

Use the General tab to set the price markups, overhead rates, and MRP and APS reschedule tolerance factors for a group of items identified by a product code. You can enter product codes as selection criteria when generating many reports.

Use the WIP tab to set the General Ledger accounts to which you want to assign costs for Work In Process, for a group of items identified by a product code.

Use the Miscellaneous tab to set the General Ledger accounts to which you want to assign costs for Work In Process, Inventory Adjustments, Fixed Material Overhead, and Variable Material Overhead for a group of items identified by a product code.

Use the Variance tab to set the General Ledger accounts to which you want to assign variance expenses for a group of items identified by a product code.

Use the Overhead Variance tab to set the General Ledger accounts to which you want to assign overhead expenses for a group of items identified by a product code.

Use the Project tab form to define accounts for a project's product code. The product code is assigned on the Projects form and determines which General Ledger accounts are used.

Note:  Project Accounts must be defined for any product codes assigned to items you may want to use in the Project Control area. For example, you will not be able to enter Resource Transactions until you define Project Accounts.

Also, the product code associated with the project MUST have distribution accounts set up for the "blank" warehouse.

Use the Applied Overhead tab to set the Fixed Material Overhead, and Variable Material Overhead rates for a group of items identified by a product code.

Use the Labor Variance tab to set the Labor Rate Variance and the Labor Usage Variance for a group of items identified by a product code.

Use the Landed Cost Variance tab to set the General Ledger accounts to which you want to assign landed cost variance expenses for a group of items identified by a product code.

Use the Purchased Overhead tab to set up Purchase Overhead Costs for products. When this tab is used, the inventory for a product includes a cost layer for purchase overhead, based on the rate or amount set here for a given Product Code.

For the Variance tab, Overhead Variance tab, Labor Variance tab, and Landed Cost Variance tab you need to fill in the accounts on the forms if you are using Standard Costing.

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