Accolent ERP uses the Min/Max inventory reordering methodology. The Min value represents the reorder point, and the Max value represents the targeted stock level after reordering. The difference between the Max and the Min is sometimes referred to as the EOQ (Economic Order Quantity). The Min and Max values may be maintained manually or automatically by […]
Category: Purchasing/Vendors
Default PO Price
Accolent ERP allows user to select which Cost will be defaulted onto purchase orders (POs). Users can select from Standard Cost, Alternate Cost or Special Cost. Typically, Alternate Cost is used to store the replacement cost that should default onto POs. If the selected cost has a zero value, the system will look for the […]
Tracking Vendor History
For each product, Accolent ERP keeps track of all Vendors that the product was either purchased from or that responded to an RFQ for that product. Vendors may also be added manually. Each Vendor History entry records details of the Last PO/RFQ entry for that Vendor, including the Qty and Price. Product Record For each […]
Returning Goods to a Vendor for Credit
Accolent ERP allows for returns of goods to vendors. This may be required, for example, if goods are sold to a customer but the Customer returns items that are defective for credit. Subsequently, to return the items to the vendor for credit, Accolent ERP allows the entry of a negative PO. Return by Customer Create […]
DEFAULT Customer, Prospect, Vendor, Product, Records
Accolent ERP comes with Customer, Prospect, Vendor and Product records named DEFAULT. Once set up, these DEFAULT record will supply the selected default values whenever new Customer, Prospect, Vendor or Product records are created. They will also be used by the AI Agent that creates the import templates for any required fields missing in the […]
Updating Costs and Prices Based on PO Price
When entering a price on a Purchase Order, Accolent ERP compares the entered price to the specified existing Cost of the product. If the entered price is higher/lower than the specified existing Cost, a pop-up screen offers the option to automatically update the specified Cost and Prices for the product. Accolent ERP keeps multiple costs […]
Product Actions Menus
From the product record, use the Product Actions menus to access various product-related functions. To access the product actions menus go to Inventory & Products > Products > List Products > select a product > Actions. Vendor History List of vendors that have been used or could be used to purchase this item. Vendors with […]
Decimal Places and Rounding
Accolent ERP does all internal calculations to 5 decimal places by default. When the system multiplies a unit price or a unit cost by quantity to calculate an extended dollar value, the result is rounded to 2 decimal places and the additional digits are dropped. Subsequent calculations such as to calculate sales tax are performed […]
Overriding PO Receipt Validation on Vouchers
Accolent ERP typically requires that a Voucher for an Inventory Vendor is matched to a Receipt on the Purchase Order. This prevents payment of the Vendor for a PO that has not yet been received. This validation may be overridden by the user, if desired, when creating the voucher. This could be used if, for […]
Partially Paying Vouchers
Accolent ERP supports the typical Accounts Payable workflow in which one or more vouchers will be paid on a single check; however, if it is required that a voucher be paid on multiple checks, this can be accommodated. To partially pay a voucher, create the check which will default to paying the voucher in full, […]