This program lists the selected products in product number or
description order, so that the costs and re-order prices for
products may easily be changed.
Note: The Average Cost for rental inventory can not be changed because this is based on 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:
This value is accessible and can be adjusted for Sales items
only, and only if the Average Cost by Location feature is
not activated.
If your firm does use the Average Cost by Location feature,
costs for Sales items can be updated in the Average Cost by Location window.
This value is not accessible for Rental equipment as costs are
controlled by the Fixed Asset Tags assigned to the
products.
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are SEVERELY out of date.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.
This value is accessible and can be adjusted for rental items
and also for sales items when Average Cost by Location is
not activated.
When Average Cost by Location is activated, the Last P.O.
Cost for sales items can be updated in the Average Cost by Location window.
This value is accessible and can be adjusted for sales and
rental items.
Any changes made to the Re-Order Price are tracked, and a
Reason Code can be required as outlined in Prompt for Reason Code.
An audit report on history of Re-Order Price changes can be
generated from Product Value Override
Report.
Re-Order Price changes are also included in the more general
Override Report.
Posting Average Cost Changes:
After changing anyAverage Cost values the Post Product Average Cost Changes must be run to
print the audit report and to generate the G/L postings for the
change in the Inventory value.
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