Cost Codes

Cost codes are one of the two sub groups of item codes.  Cost codes are unique identifiers for inventory items for for groups of items either as assemblies or as a function of a process.

Cost Codes – Subset of Item Codes

Cost Codes

Cost codes are unique identifiers assigned to items in an inventory sold individually or as a part of an assembly. The goal is to track the final outcome of the item(s) sold against the original estimated cost of the item. It is used in both financial and cost accounting.

Follow by Email
Facebook
Twitter
LinkedIn