Purpose
The Fully Loaded Baseline Cost is a global cost value tracked on a Catalog Item, representing a baseline cost associated with a SKU when it's first introduced to Settle. This cost is not specific to any vendor but provides a standard baseline for financial reference and reporting across inventory.
This field allows:
Onboarding Baseline Costs: When we onboard a new customer or encounter a new SKU, we often need to capture their pre-existing baseline costs for financial accuracy.
Fallback Cost Reference: In cases where inventory is found or adjusted, this cost gives a reliable fallback reference for the item’s value in financial statements.
Please note:
If no baseline cost is provided during onboarding, the value defaults to $0.00.
Updating the cost, will recalculate all instances of calculations where this was used.
When calculating costs for inventory events, if no cost value is found, Settle will fall back on this default.
This cost should be fully loaded meaning it should include unit costs, plus any additional expenses.
Adding baseline costs to a catalog item
Navigate to the Catalog Page
Access the catalog section from the main menu.Select a Catalog Item
Find and click on the specific catalog item to which you want to add a baseline cost.Access the Purchase Tab
On the catalog item’s detail page, navigate to the Purchase tab and scroll to the bottom.Add Baseline Costs
Click the "+ Add Baseline Costs" button and input the relevant cost details.
