The Dual Costing feature allows you to enter a second spot cost on a buy in order to bill the client based on one cost (client cost) while paying the vendor based on a different cost (vendor cost). To enable Dual Costing for your agency contact MediaBank A|V Client Services.
Once the Dual Costing feature is enabled, two additional columns will be available for use on buy worksheets: Vendor Cost and Vendor Cost Qualifier. Several options are affected when you use Dual Costing.
To use Dual Costing:
Enter the cost that will be used to calculate the bill to the client in the Client Cost column on the worksheet and enter the cost that will be used to calculate the payment to the vendor in the Vendor Cost column. Use the Client Cost Qualifier column to enter the cost qualifier for the client cost and use the Vendor Cost Qualifier column to enter the cost qualifier for the vendor cost.
Several reports now allow you to select whether to use Client Cost or Vendor Cost when requesting the report.
Note: If you have Dual Costing enabled but are not using it for a buy, use only the Client Cost column on the Buy Worksheet to enter the cost. This one cost will then be used in calculating the appropriate amount to bill the client and in calculating the amount to pay the vendor. Use the Preferences tab in the Buy Module to hide the Vendor Cost and Vendor Cost Qualifier columns so they do not appear on the Worksheet. This will ensure that the vendor cost is not inadvertently changed to be different from the client cost.
For a more detailed overview of the Dual Costing function, see this Dual Costing guide.