Sales Consist of Three Standard Options:
- Closing Adjustment Journal (an automated general ledger transaction for the sale of the Lot).
- Lot Selection Packages, also known as a Color Chart, which can be billed either:
- As an invoice to the purchasers.
- As part of the closing adjustment journal.
- After-Sales and Warranty - normally not sales, but can include billable amounts if necessary.
There are two methods of creating sales documents related to Lot costing.
- By populating sales lines from Planning Pines – pull the lines from Lot Planning Lines to the Sales document.
- E.g.: From a Sales Invoice, select the proper customer assigned to the Lot you are selling and hit Populate from Planning Lines:
- By manually entering Phase, Lot, and Cost Details in purchase lines with either G/L Account No. or Items.
Note:
Posting sales documents related to lot costing has the following prerequisites.
- Lot Budget Line with Cost Detail Code specified in the purchase must exist in the Lot Budget. Refer to the section "Lot Budget".
- Lot must have a "Customer No." assigned to it. If the lot has not been purchased yet, create and assign some temporary customer, for example, 'INVENTORY'.
- If you create a purchase document by entering Phase, Lot, and Cost Details then make sure the task associated with the Cost Detail record (in the page "Cost Details") exists under the Lot. Refer to the section "Construction Workflow Templates", action "Push to Lots".