INVENTORY MANAGEMENT ON-DEMAND

    The Online Accounting Inventory Management module excels in providing tight inventory controls, easy inventory movement and reduced inventory carrying costs. Flexible inventory price lists and a tight integration with sales order entry and Customer Relationship Management (CRM) empower order entry staff and sales professionals with real-time inventory information and complete order processing control.

 

INVENTORY ITEM MANAGEMENT

    In addition to item location, quantity and availability information, item designation includes serial number controls, hosting calculations, price levels, discount price methods, supplier relationships, custodian management, alerts processing and picture displays. Substitute, cross-sell and up-sell item relationships are designated to support quoting and sales order processing and are immediately accessible to the order taker or sales person.

MATRIX PRICE LISTS

    Item Price Lists can define multi-level tiered pricing based on unit of measure, date ranges, quantity volumes and customer classes or individual customers. Price Levels may be used to establish various pricing categories for your products that are based on an increase or reduction from the standard price. Price Levels can be assigned to Customers to allow you to provide discounted prices to specific customers or charge a premium to others, possibly based on volume of business.

PRICING PERMISSIONS

   The Pricing Permissions capability permits management to designate those individuals who may change item pricing at the CRM sales order entry screen while taking an order or producing a quote. Pricing Permissions allows managers to assign the exact pricing mark up or mark down threshold values permitted.

PHYSICAL CONTROLS

    Online Accounting Inventory Management physical count processing supports periodic physical counts, updating of actual inventory quantities, subsequent inventory revaluation and conformance of internal controls for policy, regulatory or contractual compliance.

INVENTORY ADJUSTMENTS

    Inventory Management physical counts and adjustments record changes to the quantity and/ or dollar balance of items stocked in inventory and incur damage, theft, shrinkage or events other than sales and purchases. The inventory quantity on hand is adjusted by the difference between the New Quantity and the Current Quantity. The dollar value of the item is adjusted by the difference between the New Value and the Current Value. If a dollar value adjustment is made to an item, a General Ledger journal entry is generated to update the appropriate inventory and adjustment expense accounts.

INVENTORY MOVEMENT

    Inventory transactions issued to jobs and item sale documents are used to record the issuing of inventory to a job from inventory or another job and the return of inventory previously issued to a job. Inventory quantities on hand are reduced when items are issued or invoiced to a job and increased when credited or returned to stock.

MULTI-CURRENCY PRICING

    For global organizations, multi-currency management permits the recording of inventory item transactions in the currency of choice. Currency revaluations and subsequent realized and unrealized gains and losses are then automatically calculated and included in financial statement presentations.

CUSTOMIZABLE ACCOUNTING SCREENS

    With the Customization Designer, inventory item and transaction screens can be user-defined to add new fields if necessary, remove unused fields, change field properties and position the fields in the user-defined layout that makes the best sense and supports the greatest ease of use. Customization is done in a visual drag-and-drop interface by system administrators. There is no programming or confusing syntax required to modify screens.