Field Definitions: SM Standard Item Form

The following is a list of field descriptions for the SM Standard Item form. Many of the descriptions include links to other topics that provide additional information about or related to the topic.

Standard Item

Enter a name or code to represent this standard item (e.g. Trip Chg, Surchg, etc.). Up to 20 characters allowed.

Description

Enter a description of this standard item. Up to 60 characters allowed.

Cost Rate

Enter the default cost rate for this serviceable item. The rate specified here will default as the Cost Rate when entering miscellaneous work completed items for a work order (in SM Work Orders). May be overridden.

Billable Rate

Enter the default billable rate for this serviceable item. The rate specified here will default as the Billable Rate when entering miscellaneous work completed items for a work order (in SM Work Orders), and is also the rate that will default when creating an invoice for the work completed item. May be overridden on the work order and/or invoice.

  • When referencing this standard item on a work completed line (in SM Work Orders) , if the work order scope specified for the line has a Price Method of Non-Billable or Flat Rate, the line's Billable Rate will be set to blank (and cannot be changed), regardless of the billable rate specified here.

  • You can override the billable rate for a standard item at the rate template, effective date template, customer, service site, and work order quote level. For more information, see Setting up Standard Item Overrides.

Billable Markup Percent

Billable Markup Percent field on the Info tab of the SM Standard Items form.

Optional.

Enter the markup percent (e.g. enter 5% as 5.00000) to define a markup instead of a flat price for a standard item.

Note: An entry in the Billable Markup Percent field replaces the Billable Rate.

Cost Type

Enter the cost type (from SM Cost Types) related to this standard item, if applicable. The cost type specified here will default as the cost type for miscellaneous work completed lines (entered in SM Work Orders) referencing this standard item.

Misc Cost Offset GL Acct

Enter the GL account to use as the offset account when posting miscellaneous work completed lines (via SM Batches and SM Batch Process) that reference this standard item. Must be a valid account (set up in GL Chart of Accounts) with a subledger code of S-Service or null.

When processing a miscellaneous work completed batch, the system will post one entry to each line's transaction account (as defined in SM Departments) and one offsetting entry to this account.

If this field is left blank, the Miscellaneous Cost Offset Account specified in SM Company Parameters will be used.

This field moved to SM Departments for 6.16.0. Need to create a new field in SM Departments and flag this as "out for 6.16.0". Make sure new topic indicates field may be left blank as well.