Accolent ERP provides various utilities that allow for maintenance and updating of Costs and Prices. These utilities are accessed from Price/Cost > Adjust Costs and Price > Change Costs / Price Options. There are three options available: (1) Change Costs and/or Price by a Specified Percentage; (2) Change Prices by a Factor of Costs; and […]
Category: Purchase Orders
Change Prices by a Factor of Cost
Accolent ERP provides various utilities that allow for maintenance and updating of Costs and Prices. These utilities are accessed from Price/Cost > Adjust Costs and Price > Change Costs / Price Options. There are three options available: (1) Change Costs and/or Price by a Specified Percentage; (2) Change Prices by a Factor of Costs; and […]
Entering Future Costs
Accolent ERP supports four Costs for each product: Standard Cost, Alternate Cost, Special Cost and Average Cost. Average Cost is calculated internally by the system. For each of the other three Costs, Accolent ERP allows entry of a future cost together with the future date at which that future cost becomes operable. On a daily […]
Using the Inventory Replenishment Report
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 […]
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 […]
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 […]
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 […]
Temporary PO Table
Accolent ERP automatically creates an entry into a Temporary PO table that updates as each line item is entered onto a Purchase Order (PO). If for whatever reason the application is exited without saving the PO, the PO will be able to be recovered from the Temporary POs menu. The Temporary PO can just be […]