** This utility is under development and is not yet available. **
This program lists the products by Product Group, so that the
costs and list prices for products may easily be changed for a
specific group.
For all sales inventory, the average cost, last cost (cost at time
of last purchase), markup and list price may be adjusted.
For rental inventory, the last cost, markup and list price, may be
adjusted.
Note: The average cost for rental inventory can not be changed. For rental inventory, the average cost is the average of the Fixed Asset Tags for that Product number. In order to influence the average cost for rental items, adjust the Fixed Asset Tags separately.
The prompts are:
Note: Since the average cost reflects both old purchases and new purchases, it is recommended NOT to alter the average cost of your sales inventory as part of routine updating. The average cost should ONLY be altered if the inventory records are SEVERELY out of date.
If the average cost for a product is changed, use Post Product Average Cost Changes, to print an audit report and to generate the G/L postings for the change in the Inventory value.
List Price = Last Cost * (1 + Markup) $1.50 = $1.00 * (1 + 50%)
Pricing Change Window:
The Pricing Change window appears only for Non-Bulk Rental Product
in a Group that is setup to base the List Price on Revenue.
The selling price of a non-bulk rental asset can be calculated on
the product's base list price reduced by a percent of the revenue
generated by the equipment during its rental life.
This formula is utilized when a discount percent of revenue off
list is set up for the product's group in Groups. A maximum discount percent can also be
set, to limit how much the list can be reduced.
This window displays the base list price of a non-bulk rental asset. If this base value is changed, the List Price is recalculated accordingly.
List Price and Base List Price Change History Window:
Any changes made to the List Price or Base List Price are
tracked.
A window is provide on either of these price fields to view the
Price Change History log for this product.
The Date/Time, Old List, and New List price are displayed with the
type of list when relevant. Press <F9> or the
EXP/CON button to also view the Division and
Operator.
If the feature to Prompt for Reason Codes is activated in
the Company Security Parameters, the Reason
for the price change is also tracked.
An audit report on Price Change History can be generated from
Product Value Override Report.
Price changes are also included in the more general Override Report.
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