During production costs are accumulated from many sources: Labor, Materials, Subcontractors, Freight, Site Services, and other. As you post Partial Production, you have to use an estimated or standard cost as the cost of the Finished Good. But, when you complete the Job, you then know the actual cost each. And, this actual cost each is often different from your estimated cost each.
What do you do? You want to go back to your previous postings and “true up” the cost to the actual cost each. You can now do this by activating the “True Up” feature in Job Manager. Go to advanced setup and check the option to True Up previous partial productions with the finalized cost each upon Job Completion. Job Manager will now make adjusting Item Value Entries to bring the cost each to the desired actual cost.
The best part, this new feature is included at no charge for clients on our Job Manager Maintenance plan. Just get upgraded to NAV 2009 R2 and you will receive this new capability and a few other goodies too. If you have a question, leave a comment below or give us a call.