Actual Costing (710) Run Program
Run standard-to-actual costing as a controlled, repeatable program.
What problem does it solve?
Period-end actual costing (710) involves many transactions, sequencing and checks; run manually, steps get missed, troubleshooting gets hard and close stretches out.
How does the solution work?
Conforcus's 710 program runs the standard-to-actual costing steps in correct order, controlled and repeatable, with the status and result of each step visible in one place.
What changes in practice?
The 710 actual-costing program runs on top of the Material Ledger actual-costing flow. In this flow the sequence is decisive: until the price differences accumulated during the period have been allocated, the valuation update cannot give a correct result, and a step left incomplete affects the output of the steps that follow. The program starts the steps in order according to this dependency and controls price-difference allocation and the valuation update. In one place the user sees which step is complete, which is waiting and which ended in error, so the sequence no longer depends on anyone's memory or on a separately kept checklist.
For the close team, daily work shifts from triggering steps individually to monitoring the process. When a step fails, it is clear at which stage and with what result it stopped; once the cause is resolved, the run continues from that step. Because the same sequence and the same checks apply every period, actual costing becomes a repeatable routine that does not depend on individuals, and the close calendar becomes more predictable. The cost accounting manager follows where actual costing stands from the same place, and the results kept per step serve as a reference for later reviews.
Benefits
- Costing steps executed in order, automated and traceable
- Markedly lower risk of skipped steps and manual error
- Shorter, more predictable period close
Where it sits in SAP
Integrated with the Material Ledger actual-costing flow; sequences the 710 standard-to-actual steps and controls price-difference allocation and valuation update. A production-proven program built on CO/Material Ledger expertise.
Who it is for: Cost Accounting Manager, Close Team, CFO
Frequently asked questions
What does 710 actual costing mean, and what exactly does the program run at period end?
710 actual costing is the set of steps that carries out the move from standard cost to actual cost at period end. The program runs these steps in the correct order within the Material Ledger actual-costing flow and controls price-difference allocation and the valuation update. How cost is calculated does not change; what the program adds is automatic sequencing and visibility of the status and result of every step in one place.
Is Material Ledger actual costing required to use the program?
Yes. The program is built on the Material Ledger actual-costing flow and runs the standard-to-actual steps in sequence within that flow. In environments that do not use actual costing and value inventory at standard cost only, there is no flow for the program to run. The first assessment therefore looks at the existing Material Ledger setup.
How does the process continue when a step ends in error?
Because the status and result of each step are kept in one place, the failed step and its outcome are visible straight away. As the steps depend on each other, the following steps are taken up only after the issue is resolved and the step in question is completed. The team knows where to look for the error, so troubleshooting does not mean reviewing the whole flow from the beginning.