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.
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