Author: Sinto Alappat

Enter a statistical journal

Go to Transactions > Financial > Make Statistical Journal Entries. If you use a customized user center or user role, Make Statistical Journal Entries must manually be added to the center or role to access this menu option. In the Primary Information section: In the Entry No. field, accept the default, or enter a different number. In the Date field, accept today’s… Continue reading Enter a statistical journal

Create a new statistical account

Go to Setup > Accounting > Manage G/L > Chart of Accounts > New. If you are using account numbering, enter an account number. Enter a name for this statistical account. In the Type field, select Statistical. This name appears in the chart of accounts, statistical account register, and on reports. Select the type of unit to associate with… Continue reading Create a new statistical account

Creating a standalone invoice for the kit item’s member with bins

If a Kit/Package item includes a member that uses bins, you cannot create a standalone invoice or cash sale for it.  For these kits, first, enter a sales order for the kit and then fulfill the order. After the sales order is fulfilled, you can create an invoice or cash sale from the sales order… Continue reading Creating a standalone invoice for the kit item’s member with bins

Revenue for Kit item

A kit sale posts revenue for the kit only, it does not post revenue for each component. Therefore, sales revenue appears on inventory reports for the kit, not the components. Kit sales revenue can be evaluated using the Inventory Activity Detail report or the Sales by Item Summary or Detail reports.