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This text refers to program version 4.0  

Introduction to Cost Accounting

Many companies will be happy to keep track of stock values by running monthly stock valuation reports, and to update Balance Sheet and cost of sales values with monthly Nominal journals (Nominal Ledger Transactions). However, some companies may want these values to be kept constantly up to date, with the benefit that Balance Sheets and Profit & Loss reports can be run at any time. For these users, when goods are received into or sold from stock, Hansa can generate Nominal Ledger postings for the cost of goods, updating stock valuations in the Nominal Ledger ('cost accounting'). A choice is available whereby Transactions from outward stock movements can be created when Invoices are approved or when Delivery Notes are approved.

For cost accounting transactions to take place, the Items concerned must be Stocked Items. Once Hansa has been set up as described here, cost accounting will take place automatically.

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