--- title: Monitor and Update Standard Costs description: Keep track of your Standard Costs --- [Skip to content](https://knowledge.brightorder.com/monitor-and-update-standard-costs#main-content) English Show submenu for translations [More support](https://knowledge.brightorder.com/kb-tickets/new?hsLang=en) [Customer portal](https://help.brightorder.com/tickets?hsLang=en) [![BO Logo](https://knowledge.brightorder.com/hs-fs/hubfs/BO%20Logo.png?width=384&height=89&name=BO%20Logo.png)](https://knowledge.brightorder.com?hsLang=en) Open main navigation Close main navigation - English Show submenu for translations - [More support](https://knowledge.brightorder.com/kb-tickets/new) - [Customer portal](https://help.brightorder.com/tickets) - Go to www.brightorder.com Go to www.brightorder.com How can we help you? - There are no suggestions because the search field is empty. 1. [BrightOrder Knowledge Base](https://knowledge.brightorder.com/?hsLang=en) 2. 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[How-To Guides](https://knowledge.brightorder.com/emdecs?hsLang=en#how-to-guides) # Monitor and Update Standard Costs ## Keep track of your Standard Costs     1.  View the Standard Cost of your parts. 2.  Compare those costs to the Last Purchase Cost. 3.  Change the Standard Cost to the Last Purchase Cost.      Information on Costing Methods can be found here**:  [Costing Methods](https://help.fleetsquared.com/agent/fleetsquared/emdecs/knowledge-base/page?articlestatus=latest&rootcategoryId=365074000000792436&categoryId=365074000002729076#Solutions/dv/365074000045085079/en)**   If you use standard costs to markup part prices, the Monitor & Update Standard Costs tool can be used to change standard costs to equal the current last purchase cost.  To access this tool. click on Monitor & Update Standard Costs under the Things To Do List.   ![](https://help.fleetsquared.com/galleryDocuments/edbsn4f3d560e4f1b68e0f8592e1dfefdb5224d61951013339496169f54eaaeb677cb37e2500ecb17b0252f3860eacc92e877?inline=true)   In the pop-up, click on the Generate List of Parts button   ![](https://help.fleetsquared.com/galleryDocuments/edbsnf87a96b85556906c51bcd09ac3fa5ada9e282f232e7660dccb97c1d25c7449a2e4b11de7ffde1c2223350b97261b5629?inline=true)   Enter the appropriate inventory warehouse at the top of the screen, select a radio button to generate a list of parts with a last purchase cost that is greater than or less than the current standard cost, then enter an amount or percent under variance before clicking **Generate**.   ![](https://help.fleetsquared.com/galleryDocuments/edbsn4f3d560e4f1b68e0f8592e1dfefdb522dee07535e6c95c652c6c935d3501236d4f4f8c77f9171d776c0f69b269d09eb7?inline=true)   A list of parts will be generated and displayed.  Use the **Select All**, **De-select All**, and **Select **check boxes to select which part prices to modify, then click **Update Standard Costs **at the bottom of the screen to change the standard price to be equal to your last purchase cost for the selected parts.   ![](https://help.fleetsquared.com/galleryDocuments/edbsnef20fd8d1f3f480660cee5c11c2f55f8e96a64088a69a520883785dd870c01c5239dbe63f8e33d343af675f47a9344c9?inline=true)       - 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