Accolent ERP supports the use of Prox terms. In general, Prox terms means that all invoices created in a particular month prior to a cutoff date are due on a specific day of the following month instead of within a number of days of invoicing. Often Prox terms also specify a discount if paid by […]
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WMS Batch Picking by Location
The Accolent WMS system allows for Batch Picking. To use this, from the Accolent ERP Shipping screen, group several orders in a batch, assign a Batch Sequence and a picker. Then, using the WMS system, the picker will be guided through the warehouse by batch sequence. At each Location, the picker can scan or enter […]
WMS PO Receiving with Locations
The Accolent WMS system allows for Receiving a PO that was previously entered into Accolent ERP. There is a system configuration that specifies whether PO quantity verification and put-away happen together or separately. The default is that both processes happen together. Upon delivery of the goods by the vendor, using the WMS system, the warehouse […]
Reconciling Bank Statements
To be able to reconcile each Bank Account, Accolent ERP requires that each Bank Account be set up to post to a unique GL Account. That GL Account will then record all transactions posted to that Bank Account. To reconcile the Bank Statement for that Bank Account, compare the Bank Statement with the transactions recorded […]
Using Unfinished Kits
Accolent ERP allows for the use of two types of Kits. Finished Kits take components from inventory and combine these to form a new product. When put on an order, the Finished Kit is displayed, priced, costed, and inventoried as the finished product. Unfinished Kits are a set of components that may be sold separately […]
Using Finished Kits
Accolent ERP allows for the use of two types of Kits. Finished Kits take components from inventory and combine these to form a new product. When put on an Order, the Finished Kit is displayed, priced, costed and inventoried as the finished product. Unfinished Kits are a set of components that may be sold separately […]
Inventory and Non-Inventory Products
Accolent ERP accommodates both Inventory and Non-Inventory products. Inventory products are goods held for sale. Non-Inventory products include 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. For an Inventory product, the quantity on hand and available to […]
Backdating Invoices
When an order is shipped and the invoice created, the revenue recognition process is deemed completed for US GAAP purposes. At this point, the revenue is recognized, the AR record created, the Average Cost assigned to the products on the order, the Average Cost table updated, the COGS computed, the inventory quantities reduced, and the […]
Using Manual Invoices
Accolent ERP provides Manual Invoices that have a variety of uses. Manual Invoices do not have any line items and do not affect inventory. Because of this, Manual Invoices can be used to, among other things: adjust invoices that were priced incorrectly, enter special adjustments or discounts, adjust sales tax charged, add freight and labor, […]
PO Comments and Ship Confirm Comments
Accolent ERP allows entry of Vendor PO Comments on a Vendor that will pop-up whenever a Purchase Order is created for that Vendor. Similarly, entering Ship Confirm Comments on a Customer will pop-up whenever an order for that Customer is created or opened in fulfillment. Vendor PO Comments From the Vendor, select PO Comments. Enter […]