Standard Costing in Accentis Enterprise

Facts about Standard Costing

• Standard Costing fixes the cost price at which an inventory item is consumed. All incoming inventory transactions associated with the item use the same cost each time until that Standard Cost is changed. The effect is greater uniformity in reporting and analysis, forecasting and sales margin prediction, particularly when your buy price (especially from foreign sources) fluctuates rapidly.
• A Standard Cost can be set on an individual item code basis, and applies to all such items across all warehouses.
• If an item does not have a Standard Cost set for it, then no Standard Cost features or transactions will occur for that item.
• All transactions of outgoing goods are performed at the item's Standard Cost.
• All transactions of incoming goods are performed at the actual cost of the transaction. If real-time costs revaluations are enabled, then additional transactions are performed to reconcile the difference between the actual cost and the item's Standard cost.
• If you are performing real-time standard costs revaluations, an item's average cost will be equal to its Standard cost.
• If real-time standard costs revaluations are not enabled, then you are likely to end up with residual costs in your stock accounts. This is because items are being received at a different cost than they are consumed.
• You must periodically revalue and account for the cumulative Standard cost variance, otherwise your total stock value may not be anywhere close to your actual purchase price. If not managed properly, significant costing anomalies can arise.

Last edit: 05/03/2026