Whats the difference between costing method and co...
# accountinge
Esther
09/23/2020, 5:08 PMWhats the difference between costing method and cost estimate type on the item record? What is each their functionality?
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KevinJ of Kansas
09/23/2020, 6:04 PMCost method impacts the GL - cost estimate is just an estimate
KevinJ of Kansas
09/23/2020, 6:04 PMthere are limitations on the cost estimate that don't necessarily apply to the cost method.
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Esther
09/23/2020, 6:11 PMgot it, so in essence cost estimate doesn't really effect the income statement?
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KevinJ of Kansas
09/23/2020, 6:26 PMCorrect - it has zero bearing on it.
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Esther
09/23/2020, 6:59 PMThank you!
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