Additional transactions may be defined by the user as required. Comments may be appended to inventory transactions and saved for historical purposes. Items are assigned to an inventory cycle. The actual count is then entered and an adjusting entry is posted when the count differs from the stored computer inventory count. Business operations can proceed normally prior to entering the count and then again, after the count has been completed.
Inventory is valued by average cost.
A complete data dictionary is provided. Top of the page Purchasing Online purchase order entry gives you easy access to vendor activity, including open and received purchase orders, the history of purchases by item, and the availability of items by warehouse. Purchase Orders are fully integrated with Inventory and Accounts Payable. You can add notes to each purchase order, print them on the purchase order document if you choose to and you can also maintain notes for each vendor and selectively print them a purchase order. The purchase order is automatically produced with shipping instructions for delivery to the customer.