A user-defined markup and discount structure can be set up for each Accounts Receivable customer. A specified percentage can be deducted from any of the five available retail price levels or added to the cost price. Discounts and markups can be applied to specific items or product groups. The stock transfer feature thus helps to ensure that stock records match the stock amounts at each location. Stock Count Despite all efforts to ensure that stock records match the actual stock on hand, this is not always the case.
Discrepancies can and do appear when a physical inventory or stock count is taken.
The stock count feature allows the quantities in the inventory file to be adjusted to the actual figures as necessary. Any related financial adjustments will then be made through this program. Reporting The inventory management system provides users with both standard and custom inventory file reports. If the inventory management system is used in conjunction with Arctic File III, all data can be manipulated to create a variety of custom defined reports. The cutting system is used to keep track of cuts off of rolls.