Use the I/C Items screen to:
- Add new items, and change or delete existing item records.
- Select the item structure and enter segment information for a new item number.
Use the I/C Item Pricing screen to:
- Assign items to price lists.
- Specify and edit item pricing information for each price list. If you have Sage 300 Premium ERP, you can also:
- Price volume discounts by quantity or weight.
- Enter one or more base prices for multiple units of measure.
- Calculate the base price using the cost plus a percentage or amount.
Today in this blog we will discuss how do standard functionality work if Transaction and Functional both currencies are different
Let’s take a simple example to understand this scenario
Now we are going to create PO Receipt Entry with below detail
After filling all the detail in the grid you can see as above Unit price gets updated automatically and we have set Default unit cost is “Most recent cost”
Now let’s see Most recent cost from IC Location details screen for the same details
How are both Amount different?
If we can see both currencies, it means that the transaction and functional currencies are different and that’s the reason why Rate tab gets enable in PO receipt screen (Refer above PO Receipt screen)
The logic for the Unit cost?
We have mentioned Rate if functional currencies differ than transaction currencies which is 1.3668000 (Rate) * 21.369622 (Po Receipt unit cost )= 29.20799935 (same amount from IC location details screen
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Greytrix offers unique GUMU™ integrated solutions of Sage 300 with Sage CRM, Salesforce.com and Magento eCommerce along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works. We also offer best-in-class Sage 300 customization and development services and integration service for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as GreyMatrix, Document Attachment, Document Numbering, Auto-Bank Reconciliation, Purchase Approval System, Three way PO matching, Bill of Lading and VAT for Middle East.
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