It would be great to be able to add an estimated Additional Cost on the Purchase Order Entry screen. Sometimes the receiving clerks aren't accounts people, and only receipts the quantities. If the stock is fast moving and the Additional Costs only gets entered once the invoices arrive (maybe a month or 2 later in cases of imported goods), then then valuation of inventory is completely wrong. If one could do it in this fashion, then there would just be a smaller receipt adjustment, and the impact on the remaining stock won't be so large.
by: Riekie R. | over a year ago | Operations Management
Comments
Essential
I absolutely agree.
Oh Yes BABY! I have clients who want to do this like yesterday.
Absolutely right, Idian contest its requires.
Many of my clients are asking this
Absoluetly!
So need this to be solved!!!!!
Yes Please - many of our clients need this.
Lost a deal for a prospect who claims competitors can enter estimated additional costs, with proration, on POs and Receipts, then enter invoices later and correct the figures.
We estimate these costs up front when doing the inventory receipt and then adjust once the actual additional cost vendor invoices arrive. I agree it would be beneficial and time saving to complete these estimates at the time of PO as sales often is looking for these costs especially on new items long before they even arrive.
Yes Please, :)
More and more clients are asking for this as they refine the way they determine inventory actual costs. Looking forward to Sage implementing this asap.
3 June 2021
11 November 2021
96 votes for this idea and showing 'Planned', as at 12th April 2022.
It has likely been that way for a few years now.
Clients in the forestry industry get quicker returns than this forum.... : )