John’s Journal is a newsletter to provide SMARTSystem™ Users with the latest software highlights and solutions to improve your business operations.
Weighted Average Cost (WAC) is a new feature in the SMARTSystem.
WAC sometimes called the moving average is a method used to track the value of inventory under a perpetual inventory system. This method requires that a new weighted average cost is calculated after each purchase. The weighted average cost per unit is the cost of the goods available for sale divided by the number of units available for sale.
This feature can be easily turned on in the System Control Table under Options. See the checkbox to “Use WAC (Weighted Average Cost)” and if you want to include your Open Orders that have not been invoiced there is an additional option “Include Open Orders in WAC Calculation”.
For additional information just let me know and I can email you an Overview.
Our goal is to provide you with tools to make your job easier and improve your success with quality service delivered quickly. Your feedback is always welcome.
If you have any questions or need support, please contact us at Support@Floralcomputer.com or call 727-483-5306 for assistance.
John Henderson