Use this subtask to enter the sales group abbreviation and the inventory abbreviation for the item selected on the main screen. Costpoint uses these abbreviations to determine the default accounts for the different transaction types needed for calculating and posting unit and warranty costs.
Sales group abbreviations are required if you want to post COGS and warranty accruals for your items. You must be licensed for Costpoint Product Definition to set up sales group abbreviations. This subtask is the same as the Defaults subtask of the Manage Product Price Catalogs screen.
Initialize this subtask as part of your project unit pricing setup.
Enter the default sales group abbreviation to be associated with this item. This code identifies the default unit clearing, unit COGS, warranty expense, and warranty accrual accounts that are used to post your units COGS and warranty transactions.
If applicable, enter the default inventory abbreviation for this item. This identifies where inventory items are stocked. This field is not required, and is used only for items being issued from inventory.
Make selections in this group box only if you are using Costpoint Sales Order Entry.
The sales order item type is used to identify how the item is to be processed in Costpoint Sales Order Entry. Valid options are:
Dropshipment
In Transit
Inventory
Invoice
Recurring
This default value is used only if you have Costpoint Sales Order Entry.
Select this check box if source inspection is required for this item. This defaults into the customer's sales order.
Select this check box if a certificate of conformance is required for this item. This defaults in Costpoint Sales Order Entry.
This check box is currently not available. It will be used at a later date to indicate whether revenue will be deferred.
This check box is currently not available. It will be used at a later date to indicate whether the item is to be billed in installments.