Create Estimate from Assistant
Explanation
An estimate is an approximation of the probable cost of a product,
program or project calculated on the basis of available information. The
purpose with estimating is to establish a bid price for a quotation or a
contract based on buildup of costs from a known structure of items.
The estimate revision consists of; versions and item records. An estimate
is used to retrieve a sales price for all top items of different items
types, contained by the estimate tree structure. You can create an estimate
using an assistant that guides you through the steps. The user assistant is
divided into two steps and covers both mandatory and optional data. It can
be started from the navigator, or from:
- A selection of opportunity lines related to the same revision of the
business opportunity. The revision status must be Active
and the status of the lines must be either Unconfirmed
or Confirmed.
- A selection of sales quotation lines related to the same sales
quotation. The sales quotation line must have a sales quantity larger
than zero and the status must be either Planned or
Released. Package sales part type cannot be handled by
estimate.
Creating the estimate has two main steps:
- Estimate header information. Once you complete it, the estimate
header is saved.
- Estimate item. This process can be repeated if you want to add
several items. For each item record added to the estimate is it
mandatory to select an item type. Each of these item types are connected
to a reference item type, Generic and Product,
determining which required and optional data to enter in additional
steps. The reference item type controls the assembly of the estimate
tree structure and how costs, insecurities and markups are handled when
calculating. For sales parts of type non-inventory part only
Generic estimate items can be created.
Prerequisites
- For being able to process the estimate, a company must exist and
estimate cost type connections must have been established.
- Currency code records for the estimate company must exist.
- A default currency rate type with rate type category normal must
exists, with the reference currency equal to the accounting currency for
the estimate company.
- Estimate Item Types must have been established with connections to
the reference item types.
- If customer(s) shall be connected to the estimate then at least one
customer record must exist.
System Effects
As a result of this activity, an estimate revision is created and
receives InProgress status. Additionally, a default cost
version is created and also InProgress status. The estimate
keeps track of the cost figures calculated for the versions and items during
the estimate process.