Buy and Sell in Different Measures

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Buying in one unit measure and selling in another requires additional setup in the stock header, Pricing and Vendors tabs (in the footer).

 

warning1

Never change the unit measure on stock records when there is stock on hand, (most especially the base unit measure) as this will alter stock on hand quantities and values as well as the buy and sell pricing.

 

Following is an example of two ways to set up stock based on price level when buying in rolls of 200 metres and selling in 1 metre lengths.

Measure Unit 1 is MTR Quantity is 1

Measure Unit 2 is ROLL Quantity is 200

I buy in is ROLL

I sell in is MTR

 

Info

Note: Unit Measure 1 is always the Sell unit.

 

buy and sell

 

Measure Unit 1 determines unit measure for quantity on hand values in the Qty by Locations grid.

 

Further examples:

Measure Unit 1 is EACH with a quantity of 1

Measure Unit 2 is BOX with a quantity of 5

 

More complex:

Measure Unit 1 is PACK with a quantity of 1 and unit description of .30 kg pack

Measure Unit 2 is BAG with a quantity of 83.33 and unit description of 25 kg bag. The quantity represents the number of Measure Unit 1 required to make up Measure Unit 2 - 83.33 x .30 = 24,999 kg.

 

Info

Note: When using different unit measures, you cannot use Serial# on purchase/sell as Jim2 only allows this on individual unit measure.

 

If serial numbers are required on multiple unit measures the following will assist:

Create two stock codes, one for EACH and one for BOX. When you break a box, perform a stock adjustment for -1 BOX, and an adjustment up for the EACH +5. Keep the cost values the same, and the adjustments will be for $0.

Create a stock code for EACH only. When you receive the stock, it is received as 5 EACH and you can then record the 5 serial numbers.

 

On the Pricing tab you will see in the far right a field called Prices for. Here you can select the different unit measures and the prices in the grid will change to show pricing for each unit measure.

 

Prices for

 

Prices for toggled

 

Go to the Vendors tab, enter the vendor information and select ROLL as the Unit. Enter the Vendor List Price. Jim2 will calculate the Estimated Cost of 1 metre.

 

EST COST

 

Info

Note that the vendor list price is the cost of the entire roll. The Estimated cost is the cost per metre.

 

Example: Estimated cost + markup

There are two ways to work out the pricing:

1.What is the value required to sell this product per metre?

est cost plus markup

Using the above example of $1.25 cost, enter the sell amount per meter in the Price Ex. or Price Inc. column. Jim2 will calculate the markup percentage.

or

2.Enter a percentage in the Pcnt % column. Jim2 will calculate the prices.

 

Example: List – percent

Enter an amount in the List Inc. field, then enter the percentage in the Pcnt % field – Jim2 will calculate the List Inc price less the percentage entered.

 

list - percent

 

Again, enter an amount in the Price fields if desired, and Jim2 will calculate the percentage.

 

How to

Add a Document to Stock

Add Groups to Stock

Add Images to Stock

Add Multiple Stock Records

Add Service Stock

Add Vendor Codes

Apply a Credit Card Charge Using Stock

Backfill Stock Sold in Advance

Bulk Update Stock

Buy and Sell in Different Measures

Buying your own stock

Change a Serial Number on a Stock Record

Change Stock GL Group

Create Similar

Generate a Backdated Detailed Stock on Hand Report

Make Stock Inactive

Handle Warranty Stock

Import Vendor Pricing

 

 

Merge Stock Codes

Move Stock from Depleting to Asset

Print Shelf Talkers

Print Stock Reports

Rental Stock

Sell Stock in Advance

Set up Pricing

Stock

Stock Adjustments

Stop Users from Giving Discounts

Synchronise Stock

Track Serial Numbers

Unallocate Stock

Update Stock Prices

Use Stock Select

Use Your Own Inventory

View or Edit Stock

Write off Stock