BOM Costing in different Currency
To access the BOM Creator Tool, navigate to: Home > Manufacturing. Then under the Tools section click on the BOM Creator Tool shortcut.
This should take you to the New BOM Creator screen.
The BOM Creator Screen is split into the following Tabs:
BOM Tree
Final Product
Sub Assemblies and Raw Material
Remarks
The BOM Tree Tab
A screenshot of the BOM Tree Tab is pasted below:
The Final Product Tab
A screenshot of the BOM Tree Tab is pasted below:
The Sub Assemblies and Raw Material Tab
A screenshot of the Sub Assemblies and Raw Material Tab is pasted below:
The Remarks Tab
A screenshot of the Remarks Tab is pasted below:
Select the Final Item and save the record.
User can change the Currency in the BOM before submitting. The system calculates the costing based on the Price List currency. You can check the manufacturing cost in a particular Currency by changing the Currency in the BOM.
Consider that you import plastic as a raw material from Japan and the Sales Invoices are in the Yen currency. Your company Currency is USD but you want the BOM costing to be done in Yen. On setting 'Rate Of Materials Based On' to 'Price List' the raw materials used in the BOM will also have rates set in Yen. These rates are fetched from the Price List you create for Japan. In this case, it is a buying Price List called 'Import Japan'.
If you select 'Rate Of Materials Based On' to 'Valuation Rate' or 'Last Purchase Rate', the prices will be fetched from the Item master or the Sales Invoice respectively. In case of Item master, you'll need to enter the Valuation Rate in your Currency. In the BOM, Valuation Rate will be converted to the Currency set in the BOM.