Sage 300 provides ‘Inventory Control’ module to maintain organization’s stock related data. Inventory valuation allows a company to assign a financial value to the items that make up their inventory. Sage 300 ERP has a very strong inventory control module, with the different costing methods supported. Inventories are usually the largest current asset of any business and… Read More: LIFO/FIFO Inquiry »
The purchase order module can be configured to default to one these four values, plus an option to use the vendor cost defined in IC Vendor Details. Timing is important to understand when creating a purchase order. The value entered on the PO is set when the line item is created on the PO. Any… Read More: Use of Costing Method in Purchase Order »
Some companies follow standard costing but would like to calculate Margin based on Actual cost and not on Standard Cost. This Margin can further be used for multiple stuffs, like calculating your Sales person Commission. Sage 300 ERP provides a report which holds all the sales information. The report is known as “Sales History Report”… Read More: Sales History For all Costing Method »
Inventory Control module of Sage 300 ERP has a provision to setup additional cost amount fields (Alternate Amount 1 and Alternate Amount 2) which can be used as a base for discount pricing, marking up an alternate cost by percentages or by amounts. The New Stuff : Create significant item name with separator and prefix… Read More: Alternate Amount in Inventory Control module of Sage 300 ERP »
