Item Card Build Bundle Tool Prompts to Update Cost


Big Business 7 improves the Build Bundle tool on the Item Card to automatically calculate the sum of the Costs of the components listed. If the result is different than the current Cost of the Built or Bundled Item, a dialog asks if you would like to Update the Cost.






Big Business 7 improves the Build Bundle tool on the Item Card to automatically calculate the sum of the Costs of the components listed. If the result is different than the current Cost of the Built or Bundled Item, a dialog asks if you would like to Update the Cost.

Cost has several uses:

• For Bought Items, Cost is automatically filled in on a new Purchase Order. Entering a new Cost on the PO will prompt an update of the Cost saved on the Item Card.

• For Inventoried Items, the value of the Items is tracked in the Avg. Cost and Total Cost of the inventory On Hand. Cost is not used for Invoices or Item Adjustments unless On Hand is zero or negative. While On Hand is greater than zero, Avg. Cost is used for posting Invoices and Item Adjustments.

• For non-Inventoried Items, Cost is used on sales transactions to display profitability.

• Landed Cost, on the History tab of the Item Card is calculated from Cost using a percentage you set.

• Quotes can use Cost, Avg. Cost, or Landed Cost to determine profitability.



Related:

Landed Cost
Quotes Use Cost, Avg. Cost, or Landed Cost