Use the Inventory Receivings Post screen to enter the new quantity and new unit cost of the selected Inventory Item, and refer to the Last Purchase Order Unit of Measure (UOM) shown on the screen.
See Also: Topic Doc - Inventory Posting
From the bottom of the screen….
Click the Process button to add the New Qty and New Unit Price for the selected Inventory Item to the DataGrid on the Inventory Posting screen.
Click the Cancel button to Cancel without making any changes and return to the Inventory Posting screen.
InventoryPostingInvoiceBalance_Tab1
Inventory Code (InventoryPostingInvoiceBalance_InventoryCode)
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Displays the Inventory Code of the selected item.DeleteDescription (InventoryPostingInvoiceBalance_ShortDescription)
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Displays the Short Description of the selected item.
DeleteInventory Item BIN (InventoryPostingInvoiceBalance_BinLocation)
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This field provides the description or abbreviation of where you store this item (i.e. the aisle and bin in which you keep it) when it received into inventory.
DeleteLast Purchase Date (InventoryPostingInvoiceBalance_LastPurchaseDate)
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Displays the date on which this Inventory Item was last received into inventory.
DeleteQty On Hand (InventoryPostingInvoiceBalance_QuantityOnHand)
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Displays the physical count for this item. When items are sold the system decreases this value automatically by the number sold. When items are received into inventory the system increases this value by the number entered in the Inventory Posting program.
DeleteQty On Hand UOM (InventoryPostingInvoiceBalance_QuantityOnHandUOM)
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Displays the Unit Of Measure (UOM) for the Qty On Hand.
DeleteQty On Order (InventoryPostingInvoiceBalance_QuantityOnOrder)
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Displays the quantity of this item that is on order based on your Quantity On Order Unit of Measure (UOM). It increases when you Post Order and decreases when you Post Receivings through this Inventory Posting process.
DeleteQty On Order UOM (InventoryPostingInvoiceBalance_QuantityOnOrderUOM)
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Displays the Unit of Measure (UOM) used for the Qty On Order ( i.e. Case of soda or Box of chips).
DeleteLast Purchase Unit Cost (InventoryPostingInvoiceBalance_LastPurchaseCost)
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Displays the cost of this item from the last time inventory was posted based on the Last Purchase Cost Unit of Measure (UOM).
DeleteLast Purchase Cost UOM (InventoryPostingInvoiceBalance_LastPurchaseCostUOM)
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Displays the Unit Of Measure (UOM) in which you last purchased the Inventory Item. For Example: You might purchase a Case of soda a Box of candy or a Box of chips. Refer to the Last Purchase UOM when entering the New Purchase Qty On Hand for the selected Inventory Item.
DeleteLast Sell Unit Cost (InventoryPostingInvoiceBalance_LastSellCost)
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Displays the cost of this item from the last time inventory was posted based on the Last Sell Cost Unit of Measure (UOM).
DeleteLast Sell Cost UOM (InventoryPostingInvoiceBalance_LastSellCostUOM)
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Displays the Unit Of Measure (UOM) in which you are selling/using the Inventory Item. For Example: You might be selling a Can of soda a Bar of candy or a Bag of chips. Refer to the Sell UOM when entering the New Sell Qty On Hand for the selected Inventory Item.
DeletePurchase Qty Received (InventoryPostingInvoiceBalance_PurchaseQty)
Enter the amount received based on the Last Purchase Cost Unit of Measure (UOM). For Example: When receiving soda, the Purchase UOM might be Case. The Purchase Qty might be 1 Case of soda.
Note: The system adds together the Purchase Qty Received and Sell Qty Received fields when you exit this screen. Therefore you enter only one of those fields when Posting Receivings.
DeleteNew Purchase Unit Cost (InventoryPostingInvoiceBalance_PurchaseCost)
Enter the cost of this Inventory Item based on the Last Purchase Cost Unit of Measure (UOM). For Example: One case of soda might cost $25.00.
Note: Entering both a quantity and new unit cost for each item ensures that a new Average Cost can be calculated. Without accurate Average Cost calculations your cost valuation reports and your markup and margin pricing will be incorrect. The formula for average cost is as follows: (current QUANTITY on hand x current average cost) + (new QUANTITY x new cost) divided by (current QUANTITY on hand + new QUANTITY).
DeleteSell Qty Received (InventoryPostingInvoiceBalance_SellQty)
Enter the quantity received based on the Last Sell Cost Unit of Measure (UOM). For Example: When receiving soda, the Sell UOM might be Each or Can. The Sell Qty might be 36 Cans.
Note: The system adds together the Purchase Qty Received and Sell Qty Received fields when you exit this screen. Therefore you enter only one of those fields when Posting Receivings.
DeleteNew Sell Unit Cost (InventoryPostingInvoiceBalance_SellCost)
Enter the cost of this Inventory Item based on the Last Sell Cost Unit of Measure (UOM). For Example: One can of soda might cost $0.72.
Note: Entering both a quantity and new unit cost for each item ensures that a new Average Cost can be calculated. Without accurate Average Cost calculations your cost valuation reports and your markup and margin pricing will be incorrect. The formula for average cost is as follows: (current QUANTITY on hand x current average cost) + (new QUANTITY x new cost) divided by (current QUANTITY on hand + new QUANTITY).
DeletePost Date (InventoryPostingInvoiceBalance_PostingDate)
Accept the default entry (Default Date set on the Inventory Posting screen) or click the Calendar icon to select an alternate date, if desired. The date entered in this field is your date on which Inventory will be posted.
DeleteMSRP Price (InventoryPostingInvoiceBalance_MSRPPrice)
Enter the Manufacturer's Suggest Retail Price (MSRP) for this item.
DeleteWarehouse (InventoryPostingInvoiceBalance_FacilityLocation)
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Displays the Warehouse associated with the selected item. See Pos Inventory Item Update for more information.
DeleteUOM Factor (InventoryPostingInvoiceBalance_UnitOfMeasureFactorSale)
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Displays the item's Unit of Measure (UOM) Factor. This is the same value as displayed in the Sell Units per Inventory Unit field for the item in Inventory Update.
DeleteComments (InventoryPostingInvoiceBalance_Comments)
Enter comments when necessary. For Example: Ordered two cases of soft pretzels and received one.
Delete