Inventory
What is the difference between the Inventory Cost Value Report and the Inventory Valuation Report?
This is the Inventory Cost Value Report (Actual true value of product) for ALL products. This report does not use Weighted Average Cost (WAC). The report may be run for each category, separately. Freight costs may also be removed from the calculations.
The Inventory Valuation Report is used to match inventory values with Quick Books using WAC:
The Inventory Valuation Report is used to match inventory values with Quick Books using WAC:
Purchase Orders
What to do when not all of the product is received on a Purchase Order?
When you click RECEIVE ALL it populates from the quantity ordered to the quantity received.
If you have product that was not received, click on the line in the #Received column and set to zero…tab out of the field to record it.
Now you have a choice to either:
If you have product that was not received, click on the line in the #Received column and set to zero…tab out of the field to record it.
Now you have a choice to either:
- Receive the PO and not receive that line to complete the PO by clicking RECEIVE COMPLETE or
- Receive & Back Order the line you set to zero