75 lines
5.6 KiB
HTML
75 lines
5.6 KiB
HTML
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<!doctype HTML public "-//W3C//DTD HTML 4.0 Frameset//EN">
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<html>
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<head>
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<meta http-equiv="Content-Type" content="text/html; charset=windows-1252">
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<meta name="MS-HAID" content="Vouchers">
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<meta name="generator" content="Adobe RoboHelp 2019">
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<title>Handling Voucher Costs</title>
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<link rel="StyleSheet" href="../qbpos.css" type="text/css">
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<style type="text/css">
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/* FORCE ALL FONTS TO 12PT */
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* { font-size: 12pt !important; }
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body, p, li, ol, ul, div, span, td, th, h1, h2, h3, h4, h5, h6 { font-size: 12pt !important; }
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</style>
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<style title="hcp" type="text/css">
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<!--
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span.hcp1 { font-weight:bold; }
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-->
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</style>
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</head>
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<body>
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<script type="text/javascript" src="../ehlpdhtm.js" language="JavaScript1.2"></script>
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<p class="Help-Heading-1" style="background-color: #008000;">Handling Voucher Costs</p>
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<p class="Help-Main-Topic-Links"><a href="vouchersoverview.htm">Receiving Overview</a> <span style="color: #c0c0c0;">|</span> <a href="voucher_updateprices.htm">Update Item Prices When Costs Change</a></p>
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<div>
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<p style="text-align: right; font-family: Arial, sans-serif; color: #800000;"><span>Basic</span> </p>
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</div>
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<p class="Help-Text">Point of Sale <font style="font-style: italic;">averages</font> the cost of inventory items. This means that when items are received at a cost different from the current average unit cost in inventory, the received quantities and costs are averaged together with the existing inventory quantities and costs to determine the new <a href="../qbpos_glossary_of_terms/glossarypage.htm#glossary_avgcost">average unit cost</a> of the item.</p>
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<p class="Help-Indent"><span class="hcp1">Example:</span> If you have 10 of an item that was purchased at an <a href="../qbpos_glossary_of_terms/glossarypage.htm#glossary_ordercost">order cost</a> of $5 and then receive 10 more purchased at an order cost of $10, the new average unit cost of the item is $7.50.</p>
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<p class="Help-Indent" style="text-align: center;">(10 x 5) + (10 x 10)/20 = 7.50</p>
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<p class="Help-Text"> </p>
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<p class="Help-Text">This allows you to set an accurate profit <a href="../qbpos_glossary_of_terms/glossarypage.htm#glossary_margin">margin</a> for items and maintain an accurate inventory valuation when using Point of Sale in conjunction with QuickBooks Desktop financial software.</p>
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<p class="Help-Text">When receiving merchandise, Point of Sale will suggest the cost  on the voucher as: 1) the order cost on a referenced purchase order, or, if no purchase order is involved, 2) the current order cost from inventory.</p>
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<p class="Help-Text">Review and ensure that the correct cost information is entered on the voucher.</p>
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<p class="Help-Info-Line">To change the voucher cost of an item when receiving:</p>
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<ol>
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<li class="p-Help-Steps">
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<p class="Help-Steps">Highlight the item in the voucher item list.</p>
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</li>
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<li class="p-Help-Steps">
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<p class="Help-Steps">Click <span class="hcp1">Qty/Cost</span>, enter the new cost, then click <span class="hcp1">OK</span>.</p>
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</li>
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</ol>
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<p class="Help-Text">If the voucher cost is different than what is recorded in inventory, Point of Sale will alert you that you may want to review and <a href="../qbpos_inventory/inven410.htm">edit your item prices</a>.</p>
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<p class="Help-Text"> </p>
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<p class="Help-Heading-2">Notes:</p>
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<ul>
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<li class="p-Help-Bulleted" style="margin-left: -20px;">
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<p class="Help-Bulleted">The <a href="../qbpos_inventory/inven_ordercost.htm">order cost</a> in inventory is not an averaged cost. When items are received at a new cost, that cost becomes the new order cost in inventory and will be suggested as the cost on future purchase orders and vouchers.</p>
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</li>
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<li class="p-Help-Bulleted" style="margin-left: -20px;">
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<p class="Help-Bulleted">Point of Sale supports cost and price entries of up to five decimal places to facilitate ordering, receiving, and tracking items costing fractional cents. <a href="../qbpos_basic_procedures/basic311.htm">Learn more</a>.</p>
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</li>
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<li class="p-Help-Bulleted" style="margin-left: -20px;">
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<p class="Help-Bulleted">You can restrict an employee's rights to view item costs by using Point of Sales <a href="../qbpos_secadmin/secadminoverview.htm">security features</a>.</p>
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</li>
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<li class="p-Help-Bulleted" style="margin-left: -20px;">
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<p class="Help-Bulleted">Your inventory prices are updated automatically by receiving vouchers only it the previous regular price is $0 (zero) AND you have a margin or markup entered on the item record.</p>
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</li>
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</ul>
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<p class="Related-Topics">Related Topics</p>
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<p class="Help-Main-Topic-Links"><a href="voucher_billinginfo.htm">How vouchers are transferred to QuickBooks Desktop financial software</a></p>
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<div style="width: 100%; position: relative;" id="footer">
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<p> </p>
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<p class="Help-Note" style="background-color: #f5f5f5;"><img src="../image/lightningbolt_shg.gif" alt="This symbol indicates that an Internet connection is required." title="This symbol indicates that an Internet connection is required." style="border: none;" width="9" height="15" border="0">  Additional online resources. Internet connection required.</p>
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<p class="Help-Text"><a title="POS User Community Web Site - opens in new browser window" href="http://www.qbinproduct.com/community/help/pos" target="_blank">Point of Sale User Community</a> Connect with other Point of Sale users and experts to ask questions and share advice.</p>
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<p class="Help-Text"><a title="POS Support Web Site - opens in a new browser window" href="http://www.quickbooks.com/support" target="_blank">Point of Sale Support Web Site</a> Search our Knowledge Base of frequently asked questions, learn about available updates, or research other support options.</p>
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</div>
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</body>
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</html>
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