These fields should be used if you want to implement full stock control on depleting stock, and to report on stock for purchasing.
Decimal Places In Qty
Set the number of decimal places you want to be able to buy and sell this stock in. The default is 0, eg. you buy and sell 1, 2 or 3 whole units, but you can change this if you buy or sell in fractions, eg. 1.25 kilograms.
The maximum number of decimal places available is four, ie. you can divide the unit measure to four decimal places (0.0001).
Decimal Places in Buy Price
Set the number of decimal places you want to Purchase your stock in – up to four decimal places. The default set by Jim2 is two decimal places, but you may want to increase it, eg. for rounding purposes.
Practical Example
Your typical labour is billed in one hour increments – this needs to be divisible because you could or might sell ¼ hour. The unit measure for Labour is 1. To sell ¼ of an hour, you would be selling 0.25 of the stock unit for labour. To do this, you will need to:
▪Open the Labour stock record.
▪Select the Details tab at the top of the record.
▪At the Decimal Places in QTY field move the counter to 2 (allowing for two decimal places).
▪Click Save & Close.
Now to sell ¼ hour of labour:
▪In the job stock grid enter the Labour stock code.
▪In the Quantity field you will now be able to type .25 (¼ of an hour).
▪Jim2 will divide the hourly charge by .25 to calculate the selling price for the labour.
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If you onsell stock like labour specifically in 15 minute increments (unit measure for labour – 1, description = 15 minutes of labour), to sell one whole hour you would need to sell a quantity of four. You would not need to set decimal places as the smallest unit measure is not divisible. Your customers would expect an invoice with 4 x labour on it, and not think that you were billing them for four hours! |
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