Warehouse
Multiple Warehouses – Select if you require more than one warehouse. Once warehouses are created, this option cannot be disabled.
Receiving/Transfers
Post adjustments to GL – When adjustments are posted, a transaction will be created in the General Ledger.
Default Adjustment Account – When adjustments are posted, this is the default Ledger account used as the offset to the Inventory account for the transaction. It can be edited on each adjustment detail prior to posting.
Transfer Markup Account – If a markup is required when transferring inventory, then the markup amount will be posted to this Ledger account, calculated from the Markup % on the transfer. Typically a sales account is used here. Posting will debit the inventory account defined on the receiving warehouse and credit the sales transfer markup account.
Default Markup Percentage – The default percentage used for marking up inventory transfers if an account is selected above.
Save Landed Costs – Automatically save the freight and Duty/Brokerage percentage entered on a purchase order to inventory for future orders.
Update current cost from adjustment – If an Inventory Adjustment is posted with a change in Current Cost of an Inventory item it will update the Current Cost on the Inventory record
Update current cost from transfer – If an Inventory Transfer is posted with a change in Current Cost of an Inventory item it will update the Current Cost on the Inventory record
Serialized Inventory
Use Serialized Inventory – Use either serial numbers and/or lot numbers for tracking items.
Serialize on Receipt – Enable for Serial numbers and/or Lot numbers to be assigned to inventory items when they are received. These number can then be used when the items are sold. Otherwise, you can only enter manual serial numbers on the sales order. This must also be enabled in order to use the serial/lot number costing and selling options below.
Use serial/lot number costing – Costing for sales history and GL transactions will come from the individual serial/lot number instead of the inventory item.
Use serial/lot number selling – Sell price will come from the individual serial/lot number instead of the inventory item.
Miscellaneous
Cost Method – Choose Average or FIFO. Using Average costing means that invoicing Sales Orders determines the cost of sales based on the average cost of all items purchased. Using FIFO (First In, First Out) costing means that invoicing Sales Orders determines the cost of sales based on the unit cost of the oldest PO receipt, depending on the Remaining quantity on these receipts. These costs will be different only if stock on hand was received in multiple purchases that had different unit costs.
Default Stock UOM – When adding a new item to inventory it will default to this unit of measure.
Quantity multiplier – The user can use a shortcut character to multiply an item in POS. ie. if the multiplier is set to * then when 6 of an item are required the user would enter 6* and then scan or type the item.
Weight Units – Display a unit of measure label next to the Weight field, for reference only and not used for calculations.
Prohibit overshipping – Inventory cannot be consumed below zero on hand.
Enforce Product Codes – Require product codes when adding inventory items.