Multiple Warehouses – Select if you require more than one warehouse.
Post adjustments to GL – When adjustments are made they will get posted to the GL.
Default Adjustment Account – Default GL account to post inventory adjustments to. User can override the account on each adjustment.
Transfer Markup Account – If a markup is required when transferring inventory, then a GL account will be required to post the markup to. Typically a sales account is used here. It will then debit the percentage set below to the inventory account setup for the receiving warehouse and credit the sales transfer markup account.
Default Markup Percentage – What default percentage will be used for inventory transfers if setup above.
Accrued Freight % – What default percentage will be used on a purchase order for freight.
Accrued Duty and Brokerage % – What default percentage will be used on a purchase order for duty and brokerage.
Enable Landed Costs – If “Enable Landed Cost” is on in the Company Settings, Inventory, then in purchase orders the vendor’s freight cost will get included in the cost of the items received. If it is not on, then the freight amount will get posted to freight expense.
Save Landed Costs – Automatically save the freight and Duty/Brokerage percentage entered on a purchase order to inventory for future orders.
Use Serialized Inventory – Use serial numbers. Note that this setting is also used to activate the lot numbering option for items.
Upon Receipt – Serial numbers are received into inventory for later selling. Otherwise, you can enter manual serial numbers on a sales order. Similarly, lot numbers can be assigned when an item is received, or when an item is sold.
Cost Method – Choose Average or FIFO
Default Stock UOM – When adding a new item to inventory it will default to this unit of measure.
Prohibit overshipping – Inventory cannot be consumed below zero on hand.
Enforce Product Codes – Require product codes when adding inventory items.
User permissive FIFO (not recommended) – Allow over shipping of inventory when set to FIFO.