Accolent ERP allows the specifying of a Vendor and a Sub-Vendor on a voucher. This functionality has several possible uses, but most commonly is used to pay vendors by credit card. Another use case might be where a blanket PO is issued to a main vendor who then assigns specific items to other vendors who […]
Category: Vendors
Dealing with Defective Items
Accolent ERP allows for moving items to defective at any time. This could be required if, for example, a forklift operator bumped into some inventory items and most of the items are damaged, but some may still be serviceable. Defective items are completely written-off to an Inventory Adjustment expense. If at some later point these […]
Using Repairs
An Accolent ERP repair order differs from a regular order only in that it is related to a serialized product (usually but not necessarily that was previously sold to the customer). The repair transaction is recorded on the serial record of the product being repaired. In this way all repairs under warranty or otherwise together […]
Accolent ERP Integration with Avalara
Accolent ERP is integrated with Avalara’s AvaTax Cloud-based sales and use tax solution. With an Avalara account, transactions entered into Accolent ERP will get the sales tax directly from Avalara based on geolocation and product classifications. Avalara eliminates the need to keep the Accolent ERP tax jurisdictions table updated for changing legislative regulations, new tax […]
Using Landed Costs
Accolent ERP allows the recording of the Landed Costs associated with receipt of a Purchase Order. In accordance with GAAP direct costs of products, such as Landed Costs, must be spread over the products on the PO and capitalized into inventory to be amortized to expense through COGS. The Landed Cost screen allows the various […]
Accounting for Inventory Transactions
Accolent ERP in accordance with US GAAP, capitalizes the vendor’s costs as well as other direct product costs, treated as Landed Costs, when purchasing inventory. These capitalized costs are amortized on the basis of Average Cost, to the income statement when the inventory is sold. Receiving a PO Issue a PO for goods for inventory […]
Creating Special Orders
Accolent ERP has extensive special order functionality. A special order links a sales order line item directly to a PO. The special order line item can be filled only from the linked PO which can be created automatically. When the linked sales order is moved to shipping, it is moved to a backorder and held […]
Entering Voucher Allocations
Accolent ERP allows for creating default GL Posting allocations for Vendors. For GL Posting purposes there are two types of vendors: Inventory Vendors and Non-Inventory Vendors, and each of these are posted to the General Ledger differently. Inventory Vendor transactions are posted through the PO Receipts Accounting Journal while Non-Inventory Vendor transactions are posted through […]
Using Voucher Adjustments
Accolent ERP uses Voucher Adjustments to edit Vouchers. Vouchers when entered, are automatically posted to the General Ledger and so cannot be easily edited. To correct an error on a Voucher, users can make an adjusting entry using Voucher Adjustments. The original Voucher entry is not changed or removed; instead, the Voucher Adjustment modifies the […]
Entering Vendor Invoices (“Vouchers”)
Accolent ERP uses “Vouchers” to record vendor invoices to be paid. For a vendor’s invoice to be paid, a voucher is first created which includes information such as the vendor, the amount to be paid, description, the PO No and Receipt No being paid, the General Ledger (“GL”) account to be booked to, etc. When […]