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.