Product Classes Table

Pear Tree
2016-11-10 15:47

Inventory – Parts – Administration – Product Classes

-        Same window as Inventory – Units – Administration – Product Classes.

-        This window has two purposes:

o   Accounting (GL Accounts are attached to the Class).

o   Sales (Used by the Salesperson for a Report listing of Units sold or in Inventory by Class).

image001.png

 

Product Class: Mandatory

-        Must have at least one Parts Inventory Class.

-        Manually enter the new Product Class.

-        Alphanumeric.

-        Freeform.

 

Type: Mandatory

-        Used for Units, Sales and Other Sales.

-        Choose Part from dropdown: Part, Unit, Other Sales.

 

Description: Mandatory

-        Manually enter description of the Class.

-        Freeform.

-        Alphanumeric.   

 

Vol. Price:

-        Not really used.

-        Choose from dropdown.

 

Retail Markup %:

-        Information only.

-        Not linked to anything.

-        Must be numeric or will receive an Error message.

image002.png

-        Can be positive, negative, or 0.00.

 

Costline %:

-        Information only.

-        Not linked to anything.

-        Must be numeric or will receive an Error message.

 

image003.png

 

Prompt for Mileage:

-        Checkbox.

-        Required for Service Work Orders.

 

Coupon:

-        No longer used.

-        Not enabled.

 

Report Order:

-        Not linked to anything.

-        Has no impact in the system.

 

image004.png

A list of stores will appear.  No lines can be added or deleted.  

 

Notes on the General Ledger Accounts:

-        GL accounts must be entered for each store.  

-        Parts use all four accounts: Sales, Cost of Sales, Inventory and Inventory Adjustment.

-        To create GL transactions for incoming Parts, Accounts Payable (AP Invoice) is needed.

-        For incoming Parts, for both the PO Receive window and the Receive Product window, GL transactions are created only if the AP Invoice configuration link found in the Store Parameters – Purchase Tab window is turned on (See Store Parameters notes)

-        An Inventory Asset account would be used.

Store ID/Store Name:

-        Defaults in from Store Parameters.

-        Cannot be edited in this window.

 

Sales GL Account: Mandatory

-        Either manually enter the Sales Account to credit for this Class or click the Underlined link and choose from the Table.

-        Income Account.

 

Cost of Sales  GL Account: Mandatory

-        Either manually enter the Cost of Sales Account for this Class or click the Underlined link and choose from the Table.

-        Expense Account.

 

Inventory  GL Account: Mandatory

-        Either manually enter the Inventory  Account for this Class or click the Underlined link and choose from the Table.

-        Must be a Control Account or will receive an Error message.

image005.png

 

Inventory  Adjustment GL Account:

-        Not used for Units.  Parts Inventory only.

-        Expense Account.

 

Submit:

-        Submits any new or updated information to the system.

 

Clear:

-        Clears the screen.

-        If any new information has not been submitted it will be lost.

 

Delete:

-        Deletes a Product Class’ information from the system.

-        The system will ask for confirmation before deleting.

 

image006.png

 

Average rating: 0 (0 Votes)

You cannot comment on this entry