A unit cost is a price for one item / Product or measurement, such as a pound, a kilogram, or Ea. and as per the Business aspects sometimes that you have mentioned unit price while processing the Orders. In this blog, we will discuss about customization done on the “IC location detail screen” for one… Read More »
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… Read More »
For inventory evaluation and trends two Costing methods are very efficient which are Last Cost and Most Recent Cost. Going further, in this blog we will discuss about difference between Last Cost and Most Recent Cost. New Stuff: Difference between Standard cost and Average Cost in Sage 300 Most Recent Cost The most recent cost is updated… Read More »
An inventory valuation allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current assets of any business, and proper measurement of them is necessary to assure accurate financial statements. If inventory is not properly measured, expenses and revenues cannot be properly matched and a company… Read More »