Accolent ERP maintains cross references of item numbers used by Vendors (referred to as Vendor Product Codes) against the internal Product Codes used for these same items in Accolent ERP. Once recorded, Purchase Orders to that Vendor can be specified either using the Vendor Product Code or the corresponding internal Product Code, and both will […]
Category: Inventory/Products
Receiving Inventory and Non-Inventory Items on the Same PO
Accolent ERP accomodates Non-Inventory products which are typically items for internal consumption (e.g., Office Supplies) or items that may be billed to customers (e.g., Labor) but for which, costs are not tracked to orders. Non-Inventory products have no ledger card and so are not tracked as to quantity and have no Average Cost. Non-Inventory items […]
Adding a Product on-the-Fly
Accolent ERP allows for products to be added on-the-fly to an order. This might be necessary if, for example, while taking an order, the customer requests a product that is not stocked but is available as a special order from a vendor. The product can be looked up on the vendor’s website, made with very […]
Recording Costs of Labor
Accolent ERP allows for Labor to be billed to customers on orders. Typically, Labor does not need a specific product to be made. Labor can just be added to orders, and it creates Labor Income but no Labor costs are tracked to orders; instead Labor costs are treated as period expenses. However, there may be […]
Multi-Currency Overview and Setup
Accolent ERP supports multi-currency through an API that delivers global FX Rates. There are four important multi-currency setup steps: (1) Multi-currency is an optional module, and so must first be enabled, (2) Foreign Currencies and the functional currency then need to be set up, (3) Foreign Currency Vendors and Customers need be set up and […]
Purchasing from Foreign Currency Vendors
Accolent ERP supports multi-currency through an API that delivers global FX Rates. Using the multi-currency module, a PO can be created in foreign currency for a Vendor. When the PO is Received, Inventory will be debited for the functional currency equivalent at that time. Subsequently when the Vendor’s Invoice is received, Accounts Payable will be […]
Using Configurable Products and Variants
Accolent ERP supports Configurable Products and Variants. A Configurable Product is not a single product, but rather a family of identical products that vary based only on the values selected for certain Attributes associated with the product. For example, PaigeWomen brand of Women’s jeans may be stocked in different colors and sizes. The Configurable Product […]
Loading and Shipping of Incoming Containers
Accolent ERP supports multiple Package Types, including standard Containers and standard Pallet sizes. All Package Types are specified in the Package Type Value List. When loading incoming Containers or Pallets users can select lines from Open POs to be packed. The weights and cubes of the package contents selected will not be allowed to exceed […]
Using Category GL Account Overrides
Accolent ERP Sales Journal GL postings typically use the standard GL Accounts specified on the Warehouse GL Defaults. Accolent ERP also allows product line GL Postings to be overridden by Category. In this case the GL Accounts used for postings of sales transactions and purchase order transactions will use the GL Accounts specified on the […]
Selling Goods Held on Consignment
Accolent ERP allows a distributor (“Consignee”) to receive goods on consignment from a consignment vendor (“Consignor”), hold them for sale and then to make consignment sales to customers. The Consignee receiving goods on consignment records the goods in the product master and in inventory, but these goods are carried at zero value reflecting the fact […]