Inventory

The ObjAcct Inventory module performs the functions needed to efficiently manage a finished goods inventory. An unlimited number of stocked, non-stock or service items can be setup and maintained in the system. Items may be tracked by serial number and assigned to categories with unique attributes. An unlimited number of tiered pricing breaks and discounts can be defined by item. Average cost or standard cost valuation methods are supported for stocked items.

Item receipts, cost and quantity adjustments, issues to jobs and physical count processing is performed in the Inventory module. Item receipts can be automatically generated from purchase orders entered in the Purchasing Module and used to generate vendor bills in the Accounts Payable module.

Inventory costs and quantities are updated by documents entered in the Order Processing, Accounts Receivable, Purchasing and Accounts Payable modules when stocked items are ordered, received, shipped and billed. Item quantity available calculation logic is configurable in Inventory Setup.

Online item receipt, item adjustment, item sale and physical count inquiry screens provide immediate access to all open and historical inventory related documents. Inventory queries and reports with drilldown capability provide in-depth inventory related transaction details necessary for effective inventory management.