Versions Compared

Old Version 140

changes.mady.by.user Paul Sawkins

Saved on

compared with

New Version 141

changes.mady.by.user Paul Sawkins

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

This can be done multiple times for each purchase order as stock is counted.

Note
titleStock Received Not invoiced Account

The Stock Receipt Journal will update the "Goods Received not Invoiced" GL Account and the "Stock on Hand" Control Account from from GL Control Accounts 

  1. If an item ordered on a drop-ship via warehouse PO is GST inclusive then the franchisee buy price is the franchisor default sell price minus the tax

When the Creditor invoice is created the journal will update the "Goods Received not invoiced" GL account and the Trade Creditors GL Account from GL Control Accounts 

see Purchase Order Variations for more details


Note
titleAverage Cost

Average cost is updated in the following situations

  1. Stock is created from the purchase order
    1. Average cost = total value of stock / total stock
    2. When stock is added by a PO = New average cost = ( Total Value of stock before + Total Value of stock added ) / Total stock qty after new stock added
    3. Where
      1. Total Value of stock before = Stock on Hand x Average cost
      2. Total Value of stock added = new stock being added x cost of this stock
        1. Stock added by Purchase Order may include - see also Pricing when you sell products
          1. Freight cost on the PO to the same supplier
          2. Finance Uplift Charges if using finance to purchase
          3. Landed costs (see Landed Costing )

Average cost may also be updated manually by a user with Authority directly on the SKU and this will create the required corresponding stock revaluation journals.



When the PO is ready to invoice any discrepancies in counted vs ordered quantity are prompted for action

...