This Legacy Inform content requires revision and may not match your current GTX system. Please check back later for updated information.
Marlin GTX enables defining and applying a Standard Cost for inventory and labour items across all stores.
Standard Cost enables you to manually define the cost of stock rather than it being determined by purchase price.
It can also be used to represent the true cost of a re-treaded tyre.
It is particularly useful for multi store set ups as the same Standard Cost can be applied across all stores.
This removes the purchasing power factor from gross margins and makes monthly reports comparable across stores.
Purchase cost variations can be posted outside the standard gross profit calculation.
A revenue buffer can also be created within the Standard Cost to be attributed to a GL for funding other areas of the business.
Standard Cost enables salespeople and managers to focus on sales rather than purchasing.
Setting the same cost across all stores means no competition is created when sourcing tyres.
Non-stocked codes such as labour codes can have a Standard Cost set as a fixed dollar or a percentage of the sale line price.
A Mechanical Labour line can post 20% of the line value to the COGS account.
Standard Cost is activated via a system switch.
If you would like this costing option but do not see it in Product Maintenance, please contact your account manager.
Standard Cost Behaviour
When Standard Cost is turned on in the system and an inventory item has Standard Cost selected and a non-zero amount entered.
The following rules apply:
- Average Cost and Normal Cost fields are not displayed
- The GP Calculator uses the Standard Cost
- Inventory reports use the Standard Cost
- On Work Orders, Sales Invoices and Credit Notes with products using Standard Cost, the transaction line applies the Standard Cost as the line cost
- A negative line, claim or trade-in will bring the inventory into stock at the Standard Cost with the contra account being a reversal of COGS (it is recommended that users use a Specific Cost product for negative lines, claims and trade-ins rather than a Standard Cost product)
Additional Rules:
- Discount categories and markups can use Standard Cost as a base
- Users cannot edit the cost on file for products with a costing method of Standard Cost
- Consign in or out for Standard Cost products is restricted
- Transfers of products with Standard Cost apply at the Standard Cost
- Costing methods cannot be changed from Specific Cost to Standard Cost, or from Standard Cost to Specific Cost
- Corporate head office maintains both Normal Cost and Standard Cost on the inventory record
- When receiving goods at store level only the Standard Cost is shown