Your client only wants to cost inventory items and third-party costs. Which two modules must they implement?

Implementing Receipt Accounting and Cost Accounting is essential for clients focused on accurately costing inventory items and third-party costs.

Receipt Accounting captures the costs associated with inventory as inventory items are received. It provides the necessary functionality to ensure that costs related to inventory are recorded at the moment they are received, which is critical for maintaining accurate financial records and ensuring proper valuation of inventory on hand.

Cost Accounting complements Receipt Accounting by providing tools to analyze and manage costs associated with inventory items and third-party purchases. It allows businesses to track and manage how costs flow through the organization, ensuring that all costs are allocated and reported correctly. This module is crucial for determining the overall profitability of the inventory items and understanding the true cost incurred from third-party costs.

The other options focus on areas outside the immediate needs for inventory and third-party costing. For instance, modules like Financial Statement Reporting and Tax Management mainly address financial reporting and compliance requirements rather than the direct costing of inventory. Similarly, Project Costing and Expense Management are more geared towards project-related costs rather than inventory costs and third-party purchasing. Therefore, the combined implementation of Receipt Accounting and Cost Accounting aligns perfectly with the client's requirement for cost management concerning inventory items and third-party costs.