Table Of Contents. Inventory Objectives Introduction to Inventory... 3

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3 Table Of Contents Inventory... 2 Objectives... 2 Introduction to Inventory... 3 Inventory Introduction... 3 How Inventory Items are Posted to an Activated General Ledger... 4 Setting Up Inventory... 4 Activating Inventory... 5 The Inventory Manager... 5 Transaction View... 6 Stock/Warehouse View... 7 Parts View... 7 The Inventory Manager Key Items to Remember... 8 Adding Warehouses... 9 Adding Warehouses Key Items to Remember Managing Stock Items Adding Stock Items To Warehouses Manually Adding Stock Items Importing Stock Items to a Warehouse Auto-creating Stock Items Receipts Transfers Inventory Adjustments Performing a Physical Count Adding Stock Items to Warehouses Key Items to Remember Managing Tags Processing Part Items as Job Cost Requisitions Purchase Balance Returns Manual Tags Warehouse Tag Manager Applying Tagged Part Items as Cost on an AR Invoice Verifying and Resolving Job Tags Managing Warehouse and Job Tags Key Items to Remember Inventory Maintenance Item Value Correction Correcting <Zero Quantity Situations Serialized Tag Review Vendor Returns Vendor Credits and Refunds Recording a Vendor Credit Invoice Recording a Vendor Refund Restocking a Warehouse SuccessWare, Inc. i

4 Inventory Objectives After completing this unit, the student will be able to: Setup inventory. Add warehouse(s). Add item(s) to warehouse. Activate inventory. View and maintain inventory related transactions. View and maintain warehouses. View and maintain inventory. Manage job tags. Manage warehouse tags. SuccessWare, Inc. 2

5 INTRODUCTION TO INVENTORY Inventory Introduction The Inventory module in SuccessWare21 allows you to maintain the quantity and value of parts as well as their distribution to jobs and warehouses. Parts are defined in the SuccessWare21 PriceBook and purchased through the Purchasing Manager. Parts are counted (their quantities are tracked) in three places: In a warehouse On a job On an invoice There are several tools for moving the parts from one location to another: Receipts & AP Invoices Material Requisitions & Returns Warehouse Transfers Adjustments Parts are identified as Counted, Valued, and/or Serialized when they are set up in the PriceBook. Counted items are those for which you wish to track on-hand quantities. Valued items are those that are considered part of your inventory asset and will affect the Inventory general ledger account when transactions are posted. Serialized items are those for which you wish to track serial numbers as they are purchased and as they are used. Counted items may be valued or serialized also. Valued items must be counted and may be serialized. Serialized items must be counted and may be valued. When a counted item is moved, the quantity in the original location will decrease and the quantity in the destination location will increase. If the item is also valued, the default inventory account will be debited when the quantity is increased and credited when the quantity is decreased. The system uses tags to reserve or mark items for a particular warehouse or job. Tags also record serial numbers for serialized items. Think of tags as pieces of paper attached to parts with information such as serial number or reserved for job Tags are maintained as transactions are processed. There are 2 types of tags; Warehouse tags and Job tags. Warehouse tags are created when you receive serialized parts into inventory or items are reserved for a specific job. Job tags are created if you purchase items directly for a job (but do not receive them into Inventory) or requisition them from a warehouse. The tags must be resolved as you verify their use on jobs. Verifying that items purchased or requisitioned for a job are used on the job ensures that the cost recorded on the invoice is accurate. SuccessWare, Inc. 3

6 How Inventory Items are Posted to an Activated General Ledger When you purchase a valued item, the system will debit the inventory account rather than the expense account (that is defined in the item s Expense Type). When an item is removed from inventory (for instance, on a requisition), the warehouse s stock item count will be decreased. The system will credit the inventory account for the item s value, and debit the expense account as defined on the item s Expense Type. A return will debit the inventory account and credit the item s expense account (and department) for a valued item. An adjustment will either credit or debit the inventory account (depending on whether you are increasing or decreasing count) and will offset the transaction with the account number defined on the IC ADJUST code that is used when adjusting a valued item. Setting Up Inventory Before you can begin to use inventory there are a number of elements of setup that must be completed. This setup will take place in the General Ledger, Reference Library and PriceBook, as well as in the Inventory Manager. 1. Make sure that all General Ledger accounts you will need for inventory have been added to the General Ledger. 2. Verify or select the default GL accounts for inventory and inventory adjustment overflow. 3. Add any inventory adjustment codes you will need into the REFERENCE LIBRARY. You will need at least one adjustment code for physical count. 4. Add all parts that will be members of your inventory stock to the PriceBook (or verify that they are there) and are properly marked as counted, valued or serialized. Note: Generic Part items should NEVER be added to inventory and therefore should NOT be indicated as Counted in the PriceBook. 5. Add your warehouses. This includes you physical warehouses as well as vehicles on which you maintain inventory stock 6. Build a Stock List or "Layout" for each your warehouses. 7. Select Setup and then Company from the Main Menu. Then select the MODULE CONFIGURATION tab and enter the COUNT DATE (the date you wish to start tracking quantities in inventory). 8. Perform a physical count for each of your warehouses. 4 SuccessWare, Inc.

7 9. Run the PARTS VALUATION report to find the value of your inventory. This value will represent your initial General Ledger Asset value for Inventory and will be used as your Inventory beginning balance. Use this value to make the necessary journal entries to add (or adjust) the beginning balance of your Inventory Asset account 10. Select Setup and then Company from the Main Menu. Choose the Financial Tab. Place a checkmark next to Inventory and identify the date on which you want to begin tracking Inventory at a General Ledger level. Once this is entered, any movement or parts into or out of inventory will effect the Inventory Asset account. Activating Inventory Inventory in SuccessWare21 is not "turned on" by default. It must be activated. Inventory can be activated in two stages. They do not both need to happen at the same time. You can enter a count date and start updating quantities prior to activating the inventory posting. 1. Setting the Count date.- The COUNT DATE is the date you want to start tracking quantities on items that are marked as counted. This is performed from the Module Configuration tab of Company Setup. 2. Setting the Activation Date.- The ACTIVATION DATE is the date you want to start posting inventory transactions to the General Ledger. Only valued items will affect the General Ledger account for inventory. Valued items must also be marked as COUNTED. General Ledger activation of Inventory is performed from the Financial Tab of Company Setup. THE INVENTORY MANAGER The INVENTORY MANAGER is accessed from the PURCHASING section of the MAIN MENU or by selecting the Inventory icon on the toolbar. There are 3 views in the INVENTORY MANAGER: Transactions to view and maintain inventory related transactions, Stock/Whse to view and maintain warehouses and the items they contain as stock, and Parts to view and maintain inventory parts. The top of the form includes the Serial# and <Zero indicators. These indicators are used to alert you that the current item requires inspection, either to reconcile serial numbers or negative quantities on hand. Click on the appropriate indicator to open the Warehouse Tag Manager, where you can make the necessary corrections. SuccessWare, Inc. 5

8 Transaction View The Transaction View of the INVENTORY MANAGER is used to search for, view and open existing inventory transactions. The default view when the manager is opened is Incomplete Transactions. These are transactions that have not been posted or in the case of Transfers have not yet been marked as Received. The Transaction view by default shows all warehouse transactions but you can choose to only view those for a single warehouse by selecting from the WAREHOUSE drop down list in the upper right hand corner. Available Filter Indicators: Daily - to list Transactions for a specific day. Click on the buttons to move back or forward one day, or select from the drop down calendar. Incomplete - to list incomplete items only SERIAL # - to view serialized items <ZERO - to view items with a quantity less than zero You can also choose to view only Requisitions, Transfers, Returns, Adjustments or Receipts by choosing the appropriate filter indicator. 6 SuccessWare, Inc.

9 Stock/Warehouse View The Stock/Warehouse view allows you to work with Warehouses and the stock items within them. The Stock/Warehouse view is also used to add new warehouses as well as add new stock items to warehouses. Your warehouses are listed in the top panel of the view. They can be filtered to display only Vehicles or include Inactive warehouses in the list.. Stock items for the selected warehouse can be displayed in the bottom panel of the view. The Category, Group and Item drop downs can be used to search for particular parts in the PriceBook. Press Apply to perform the search. Note: Pressing apply without specifying ANY criteria will display the entire stock layout for the selected warehouse. Above the displayed parts are filter indicators which will allow you to limit the results to only Valued or Serialized stock items. Parts View The Parts view of the INVENTORY MANAGER is used to identify the location of parts in your Inventory. By using the search fields at the top of the form you can search for parts based upon their Category, Group, Item Number and Description as defined in the PRICEBOOK. Once the parts are displayed, you will be able to view the total on-hand quantity of the item. SuccessWare, Inc. 7

10 A list of all warehouses that stock that part is displayed at the bottom of the form along with the current on-hand quantity of the item in the selected warehouse. The Inventory Manager Key Items to Remember The INVENTORY MANAGER s Transactions view is used to view and maintain inventory related transactions. The INVENTORY MANAGER s Stock/Whse view is used to view and maintain warehouses, to include vehicles, and the items they contain. The INVENTORY MANAGER s Parts view is used to view and maintain inventory parts. 8 SuccessWare, Inc.

11 ADDING WAREHOUSES Warehouses are the locations where you store and maintain quantities of inventory stock items. A Warehouse can be either a physical location or a vehicle. To add warehouses 1. Open the STOCK/WHSE view of the INVENTORY MANAGER. 2. Right-click in the WAREHOUSE grid and select New Warehouse (or press Insert). 3. Complete the following fields: Field Warehouse No. Description Vehicle Active Address Phone Primary Warehouse Description Enter the ID you wish to use to identify the warehouse. Enter a Name for the Warehouse Select to indicate that the warehouse is a vehicle Select for any warehouse type, to indicate that the warehouse is active Enter the physical address of the warehouse. This will be used when ordering for the warehouse. The address fields are disabled for vehicle type warehouses Enter the Phone number of the warehouse. The phone field is disabled for vehicle type warehouses Mark your main warehouse as the primary warehouse. 4. Click Save SuccessWare, Inc. 9

12 Note: A warehouse can be edited by double clicking on it from the STOCK/WHSE view of the INVENTORY MANAGER, making any needed changes and clicking Save. Adding Warehouses Key Items to Remember Be sure to mark your main warehouse as the primary. Be sure to mark trucks as vehicles and enter vehicle numbers. MANAGING STOCK ITEMS Adding Stock Items To Warehouses A stock item is used to represent a part which will be maintained in inventory. The STOCK ITEM form allows you to identify location or Bin within a warehouse where the item will be stored and it allows define the Minimum and Maximum quantity of the item that you intend to store within the warehouse. The Minimum and Maximum value are used to automate restocking and ordering. You will create a stock item list for each warehouse. A stock item list simply catalogs what you normally stock within the warehouse. It does NOT affect quantity. There are 3 ways to add stock to a warehouse: Manually add the stock items Import stock items Auto-create stock items Manually Adding Stock Items Use the STOCK ITEM form to manually add stock items to a warehouse. Adding a stock item using this method will add the item to the Stock Layout of the warehouse, but will not allow you to identify a quantity on hand. This must be performed through an Adjustment or Physical Count. 1. Open the INVENTORY MANAGER and select the Stock/Whse view. 2. Highlight the warehouse for which you want to add stock items in the WAREHOUSE grid and click the Apply button to display the existing stock layout for the warehouse.. 3. Right-click in the STOCK grid and select New stock item. 10 SuccessWare, Inc.

13 4. Enter the ITEM NUMBER or use the drop-down menu to search for and select each Part item from your PriceBook which you wish to add to the warehouse. The Item's Counted, Valued, or Serialized status will be displayed by default based upon how the item is set up in the PriceBook. 5. Enter the BIN number to identify the item's location in the warehouse. 6. Enter the MINIMUM and MAXIMUM quantities that you wish to maintain for the item in the selected warehouse. 7. If this is the only stock item you wish to add to the warehouse, select Save to save the item and exit the form. If you have other items you wish to add as stock to the warehouse, select New. The system will save the changes and display a NEW STOCK ITEM form. Importing Stock Items to a Warehouse You can copy the stock item list from one warehouse to another warehouse. This is particularly useful when setting up your trucks as warehouses. You can manually create a stock item list for one truck and import that list to the other trucks. To import stock items from another warehouse: 1. Open the INVENTORY MANAGER and select the STOCK/WHSE view. 2. Highlight the warehouse that you wish to stock in the WAREHOUSE grid. 3. Right-click on the warehouse and select Import stock items. 4. Select the warehouse you want to IMPORT FROM and click OK. SuccessWare, Inc. 11

14 You can also use the IMPORT option to update your warehouses once you have started processing so the import feature includes some override options. For instance, you may reorganize your trucks and change the bin locations of the items. You can change one truck and import the changes to the others. Skip duplicate item numbers -- will ignore duplicates and only add new items. Prompt for action on matching item numbers -- will ask if you wish to override or skip duplicates. Replace BinNo, Min, and Max for matching item numbers -- will override duplicates with the new stock items. Overriding stock items will only replace the bin numbers, minimum and maximum quantities in your stock item list. Remember, the stock item list does NOT affect quantity on hand. Auto-creating Stock Items If you do not have an item on a warehouse s stock item list, SuccessWare21 will add the item to the stock list when inventory transactions are processed. To let the system automatically add stock items when a transaction is processed there is no special action required. When you process an inventory transaction such as a receipt or transfer to a warehouse for an item that has not previously been set up as a stock item in that warehouse, the system will notify you that the transaction will result in a new stock item for that warehouse. When a stock item is automatically added to a warehouse, the stock items will not have MINIMUM and MAXIMUM quantities and the BIN location will be listed as <New>. This <New> designation will help you to find the item in the Stock/Warehouse view where you can edit the stock items to specify BIN numbers and MINIMUM and MAXIMUM quantities. To edit the item, simply double click on it, make the appropriate changes and save. Note: Even if you are not assigning a BIN number, you should still remove <New> from the BIN field so that the part does not cause confusion when additional parts are added in the future. When initially setting up your Inventory allowing the system auto-stock the warehouses is not an effective method unless you are a building your inventory from scratch (You have NO current stock). If you have existing inventory, the auto-stock is only effective for adding NEW items to your inventory stock list. 12 SuccessWare, Inc.

15 Receipts Receipts are used to indicate that a part item has actually been received into stock at your company. A Receipt can be created from the Inventory Manager, the Purchase Order, or automatically through the AP Invoice form. To access the Receipt from the INVENTORY MANAGER click Receipt To access the Receipt from the PURCHASE ORDER click Receipts/Invoices The following screen will display. For further information on creating receipts see Receipts in the Purchasing and Payables section Transfers The TRANSFER form is used to move items from one warehouse to another (including truck warehouses). The Item transferred to a warehouse can be specifically "tagged" for a job when it is transferred. If this is the case, the item will be considered "reserved" for the job, but it would still need to be requisitioned from the warehouse to the job. A typical warehouse transfer may involve re-stocking a truck from the main warehouse. To transfer stock items from one warehouse to another, select the Transfer button from the INVENTORY MANAGER. After a transfer has been posted, a Received button will become available at the bottom of the TRANSFER form. This button must be selected to complete the transfer. The Received button allows the receiving warehouse to confirm that the items have been transferred. SuccessWare, Inc. 13

16 When using a transfer to restock you can use an Automated Restock Transfer to transfer stock based upon Minimum/Maximum quantity or item usage in a specified date range. 1. Use the down arrow to select FROM and TO warehouses. 2. Press Ins, or right click and select New Item to start entering items to transfer. 3. Use the down arrow to select the Job number if you wish to tag a warehouse item for a job. 4. After saving the items, you can print the list to use as a picking ticket using the print option at the bottom of the form. 5. Use the REQUEST QTY to enter the quantity you wish to have transferred from the warehouse and the TRANSFER QTY to indicate the quantity you actually transferred from one warehouse to another. 6. Once all transfer quantities have been entered, select Post to post the transfer. 7. To finish the transfer and the transfer to no longer be considered Incomplete the Received button at the bottom of the form must be selected after the transfer has been posted. This allows a representative of the receiving warehouse to confirm the transfer. Note: If you are not using the Transfer form to create a picking ticket, and have already pulled the items from stock, you can just enter the TRANSFER QTY to record the transaction. Inventory Adjustments Adjustments are made to inventory to accommodate changes to the on-hand quantity of items that are not the result of normal inventory transactions such as a requisition, return, purchase or transfer. To create an adjustment to inventory quantities or the item's cost, click the Adjust button from the INVENTORY MANAGER. The NEW ADJUSTMENT form is also used to process a physical count. 14 SuccessWare, Inc.

17 1. Use the drop-down menus to select the warehouse and adjustment codes. The adjustment code will determine where the transaction will post in the General Ledger. 2. To adjust individual items, press Ins to add a line item. 3. Use the drop-down menu to select each item, then enter or select the department and quantity to adjust as either a positive or negative number. 4. If you are entering an adjustment to correct an item s cost, enter the correct unit cost in the TRXUNITCOST column. 5. When all items have been entered, select Save 6. After verifying that the adjustment is correct, click Post to commit the adjustment. You can click Adjust to reverse the transaction. Note: To process a Physical Count, right-click and select Physical count. The system will list the stock items for the warehouse. Performing a Physical Count Periodically you will perform a physical count of your warehouse items. You will record the physical count as an adjustment in the INVENTORY MANAGER. A physical count adjustment will compare quantity on hand to the counted quantity and enter an adjustment quantity to make the quantity on hand the actual counted quantity. For instance, if the system shows a quantity on hand of 5 but you count 6, the system will add a quantity of From the INVENTORY MANAGER select Adjust to open the NEW ADJUSTMENT form. 2. Select the WAREHOUSE you wish to count, and then select the ADJUSTMENT CODE you have set up for physical count. SuccessWare, Inc. 15

18 3. Right-click in the background of the display grid and select Physical count. The system will create a list of all stock items in the selected warehouse. When doing so, it will capture the CURRENT on hand quantity of each item. 4. Click Save to save the stock list. 5. Click Print to print count sheets. Count sheets will include blank columns for you to record the quantity counted and serial number. 16 SuccessWare, Inc.

19 Note: If you continue to process purchases and requisitions, or other inventory transactions, after creating the physical count adjustment and prior to entering actual counts, you should delete the adjustment and create a new one when you are ready to enter counts. The physical count adjustment memorizes the quantity on hand when the adjustment is created. That is the quantity the system will use to determine the adjust quantity when you enter your counts. 6. Once the count is complete, go back into the INVENTORY MANAGER and open the adjustment that was created for the physical count. 7. Click Edit and enter the correct department, quantities and serial numbers. 8. Once all items have been corrected, click Post. The system will debit or credit the inventory GL account based on whether the counted quantity was higher or lower than the original quantities. The system will offset that entry with the account number identified on the Adjust code. SuccessWare, Inc. 17

20 Adding Stock Items to Warehouses Key Items to Remember MANAGING TAGS A stock item is a location or bin within a warehouse and defines the minimum and maximum quantities within the warehouse. You will create a stock item list for each warehouse. You can use the stock item list from one warehouse to another warehouse. You can manually create a stock item list for one truck and import that list to the other trucks. If you do not have an item on a warehouse s stock item list, SuccessWare21 will add the item to the stock list when inventory transactions are processed. What is a Tag? A Tag is information that is attached to an Item number. This information identifies things such as the item's serial number (if it is serialized), what job the item is intended for, how many of the item are required, and how many of the item have been pulled from inventory or purchased for the job. There are 2 Types of Tags. Warehouse Tags A Warehouse tag is created when you: Job Tags Receive an item into a warehouse AND specify a job number on the item. These tags reserve the warehouse item for a job. Receive a Serialized Item into Inventory. The Warehouse tag identifies the serial number of the item. A Job tag is created when you : Receive an item for a specific job, and not to a warehouse When you post a material requisition for a job Serialized items always create tags when they are added to inventory. The tag is what contains the serial number for each item as it is recorded. Use the WAREHOUSE TAG MANAGER to manage warehouse and serial number tags as well as create Manual Tags Use the JOB INVENTORY TAG MANAGER to resolve job tags. Tags are maintained as you Requisition or Returns items from/to a warehouse and by resolving and verifying them during job costing. Additionally you will need to be sure that there are not outstanding or unapplied tags in your system. These are tags that may have been created for a job or warehouse, but then not used or which have not been applied to jobs and may need to be removed from the system 18 SuccessWare, Inc.

21 Processing Part Items as Job Cost Processing Part items that will be included as job cost on an invoice includes: Requisitions Tagging all necessary parts for the job via purchase, requisition or by manually tagging the items. Listing all part items used on the job in the Part Itemization screen of the AR Invoice. These parts are either there as a result of being included in a Task as detail, being manually added, or importing tags that already have been created for a job. Using the Job Tag Manager to confirm that the quantities of the part items listed in the job costing screens of the AR invoice match the quantities of the parts that have been tagged to the job. This includes requisitioning additional parts and returning part items as necessary. Verifying the Part Itemization on the Invoice involves: - Updating the cost of the part items listed on the invoice so that the standard cost of listed parts is replaced with the actual cost of items purchased to the job or the average cost of items that have been pulled from inventory - Once the Verify process has been completed, the tags for the part items where Tagged quantity equals Invoice Quantity are resolved, which results in the deletion of the tags You request items to be pulled for a job in the REQUISITION form. Requisitions can be created from the INVENTORY MANAGER or the TAG MANAGER in the COST ENTRY screen of the accounts receivable invoice. To Create a Material Requisition From the INVENTORY MANAGER select the Requisition button, press Alt+1, or right-click and select New Transaction then Requisition. From the CALL CENTER highlight the job for which you wish to requisition materials then right-click to select Job Materials then Requisition. Then select New Requisition. Material Requisitions can also be created based upon a Sales Quote SuccessWare, Inc. 19

22 1. Use the drop-down lists to select the WAREHOUSE and JOB for which you are requesting items. 2. Press Ins, or right click and select New Item, to start selecting items to be pulled. 3. Use the REQUEST QTY to enter the quantity you wish to have pulled from Inventory and the PULLED QTY to indicate the quantity you actually removed from Inventory. 4. Once all requested items have been entered, select Save to save the list. 5. You may then print the requisition to be used as a picking ticket by using the Print button at the bottom of the form.. 6. After all items have been pulled select Post to post the requisition. 7. You may click Adjust to reverse the transaction. Note: If you are not using the Requisition form to create a picking ticket, and have already pulled the items from stock, you can just enter the Pulled Qty to record the transaction. You can also right-click in the item grid and select options for Zero All Pulled Qty or Set All Pulled When the material requisition is posted the quantity will decrease for counted items. The cost of valued items will move from Inventory and be charged as expense based upon the Expense Type of the items. 20 SuccessWare, Inc.

23 Purchase Balance If you are creating a Requisition and some of the listed items are not currently in stock, you can automatically create a Purchase Order for the remaining balance of items. To Create a Purchase Order for the Remaining Balance of a Requisition 1. Open the REQUISITION and list all the items needed for the job as you normally would. 2. Any items that are currently in stock can have their PULLED QTY listed in full. 3. For any items that are not in stock or current stock is insufficient to meet the requested quantity, be sure to list the entire required quantity in the REQUESTED QTY field and the available quantity in the PULLED QTY field. If there are none of the required item in stock put a Zero in the PULLED QTY field. 4. Post the REQUISITION for the available items as you normally would. 5. Right click in the background of the requisition and select Purchase Balance Returns A PURCHASE ORDER will open which will list items from the requisition that had a PULLED QTY less than the REQUESTED QTY. The quantity ordered of the items will be REQUESTED QTY minus PULLED QTY of each item. 6. Choose a Vendor for the PURCHASE ORDER and complete it as you normally would. Warehouse Returns are used to resolve tags on items that were previously tagged for a job but not used on the job by adding them back to the inventory stock of a warehouse. Once returned to a warehouse, part items can also be returned to a vendor by recording a negative receipt. Returns can be created from the INVENTORY MANAGER, or the JOB INVENTORY TAG MANAGER. The JOB INVENTORY TAG MANAGER is available from the Job Costing screen of an AR where you will have an option to return items as you resolve job tags. Details for processing returns from the JOB INVENTORY TAG MANAGER can be found in the Verifying and Resolving Job Tags topic. SuccessWare, Inc. 21

24 Note: If you are returning parts to a vendor,that have previously been tagged to a job the parts must first be returned to the warehouse before you process the return receipt. This is so that the tags created by requisitioning or purchasing the items to the job can be resolved. To Return Parts From the INVENTORY MANAGER select the Return button, press Alt+2, or right-click and select New Transaction then Return. 1. Use the drop-down list to select the WAREHOUSE to which you will return the items. 2. Enter the DATE and any COMMENTS that you wish. 3. Select the JOB for the unused items. The system will ask you to confirm the job. 4. When you select OK to confirm the job, the system will populate the RETURN with all items that were tagged for the job whose tags were not resolved. 5. Select Save to save the list. 6. If you need to edit any returned quantities, select Edit and make the necessary corrections. 7. Once all edits have been saved, select Post to post the return. Posting a warehouse return will increase the quantity of the returned items in the warehouse. The cost of valued items will be removed as expense and returned to the asset account associated with Inventory. 22 SuccessWare, Inc.

25 Manual Tags You can manually tag warehouse items for a job in the WAREHOUSE TAG MANAGER. Manually tagging an item will mark the part as "reserved" for the job but will not prevent others from removing it from stock. The item will still need to be requisitioned to the appropriate job. The quantity and value of the item are not affected until a the tagged item is requisitioned to a job. To Manually Tag an Item for a Job: 1. Open the INVENTORY MANAGER. 2. Click on the Serial# filter at the top of the form or right-click and select Warehouse tags. 3. The WAREHOUSE TAG MANAGER will open. 4. You must activate the tag grid in order to add a tag. To activate the grid enter search criteria and select Apply. Note: If you are tagging items for a specific Job you may wish to use the Job No as the search criteria. If you are tagging a particular item you may wish to use the Item No. You can also use the Warehouse No. or simply select Apply with no search criteria. If you select Apply with no search criteria the system will display a warning indicating that the search may take a long time and ask you to confirm. 5. Once the grid has been activated, press Ins or right-click and select New item. 6. Enter the JOBNO and tab through the fields to enter the WAREHOUSENO, TAGQTY (quantity you wish to reserve for the job) and ITEMNUMBER. 7. Press Enter to save the line. 8. Press Ins to tag another item or select Close to close the form. SuccessWare, Inc. 23

26 Warehouse Tag Manager When tags are resolved they are automatically removed from the tag managers. You can view and maintain unresolved tags in the Tags view of the WAREHOUSE TAG MANAGER. To open the WAREHOUSE TAG MANAGER, right-click and select Warehouse Tags. You can search for tags by: Item No. Description Warehouse No. Job No. Serial No. When searching, you can use the % wildcard in the fields. For instance, to search for all items that start with you can enter 01-02%. The following sample, displays several types of tags. Tags you may view in the WAREHOUSE TAG MANAGER: A serialized item with a job tag created by posting a material requisition for the job, or by purchasing the item directly to a job, and not receiving it into a warehouse. To resolve the tag, verify the item on the AR invoice. If the item was not used on the job it must be returned to a warehouse to resolve the tag. 24 SuccessWare, Inc.

27 A warehouse serial number tag created by receiving a serialized item into the warehouse. Posting an adjustment to increase the quantity in a warehouse may also have created it. The tag will be resolved when the item is requisitioned to a job and verified. A job tag created by posting a material requisition for the job, or by purchasing the item directly to a job, and not receiving it into a warehouse. To resolve the tag, verify the item on the AR invoice. If the item was not used on the job it must be returned to a warehouse to resolve the tag. A warehouse job tag created by purchasing an item for a job but receiving it into a warehouse or manually tagging an existing item for a job. The tag will be resolved when the item is requisitioned to the job and verified. If the item was not used on the job you must manually remove the tag in the WAREHOUSE TAG MANAGER. In addition to being used to find tags, the Warehouse Tag Manager is used to: Find and Resolve problems with Serialized Tags Manually Create Tags Use right-click options to Add, Edit or Delete warehouse tags. Job tags cannot be maintained in the WAREHOUSE TAG MANAGER. Job tags must be resolved in the JOB INVENTORY TAG MANAGER or through a Return. Applying Tagged Part Items as Cost on an AR Invoice Once a job tag is created for an item, the item needs to be included in the costing screen of an AR invoice so that it can be calculated toward the job cost and help you to determine your margin on the invoice and job. Until the tagged items are listed as costed part items, the verification process of the invoice cannot be completed. Tagged items can be applied as cost on an A/R Invoice by selecting the tagged items from a list of tagged items for the Job. This action is performed in Tag Import option of the Part Itemization screen when job costing an A/R Invoice. Once they are selected they will be listed as part cost in the Part Itemization view. SuccessWare, Inc. 25

28 Note: If the items you have tagged for a job have already been listed as job cost on the invoice, either manually or if they were listed as the result of being the assigned part detail of a flat rate task, the part tags will not need to be imported. If SuccessWare21 can match the tagged item with the listed item it will assume that the listed item IS the tagged item and you can move on to the verification process. To Apply Tagged Items as Cost to an A/R Invoice: 1. After entering invoice items select the Enter Cost button located at the top of the invoice. 2. The LINE ITEM COST ENTRY form will open. 3. The bottom half of the form is the Cost itemization portion. Use the mouse to click the label Parts or press Alt+P to ensure you are in PARTS ITEMIZATION. 4. Select the Import Tag icon to display a list tagged items for the job. Items that have been tagged by posting a requisition or were purchased directly to a job (did not post into a warehouse) will display a tag indicating that the only action necessary is to verify the tags. 26 SuccessWare, Inc.

29 Items that were received into a warehouse but were tagged for the job include both warehouse and job tags. They must be requisitioned in order to resolve the tag. 5. Use the mouse to select the items that were used on the job. You may also use the down arrow and spacebar to mark the items. 6. Any items that were tagged but were not marked as used on the job must be returned to a warehouse. Note: If an item was tagged with a department other that the one that performed the job you will be required to return the item to inventory and then re-requisition the item using the correct job department. 5. Once all items have been selected click OK. 6. The system will return to the Parts Itemization form where you can edit the items or enter any additional items used on the job. Once all tagged parts have been added as Part Itemization you must then Verify and Resolve the Job Tags Verifying and Resolving Job Tags The JOB INVENTORY TAG MANAGER is used to verify that the quantities of items that have been tagged for a job matched the quantity of part items listed as cost on the invoice. The JOB INVENTORY TAG MANAGER can be used to Requisition and Return part items as needed correct quantities that do not match. Once the quantities have been validated, the Update Invoice Cost button performs the Verification and Resolution of the Tags. This removes the tags from the system and essentially "finishes" the inventory transaction. If verification and resolution of the Job Tags is not performed, the tags are not removed from the system and the inventory transaction is considered incomplete. You can use the WAREHOUSE TAG MANAGER to find Unresolved Tags. If there are unresolved Warehouse tags remaining from a job, they can be deleted there. To Verify and Resolve the Tags: 1. The JOB INVENTORY TAG MANAGER is accessed from the PARTS ITEMIZATION form on the A/R INVOICE. 2. Once all items used on the job have been selected or entered, select the Verify icon to open the JOB INVENTORY TAG MANAGER. SuccessWare, Inc. 27

30 The JOB INVENTORY TAG MANAGER compares the tagged quantity to the quantity on the invoice. Items whose tagged and invoiced quantities match require no action other than to update the invoice cost. Those items contain a checkmark in the middle column. Items whose tagged quantities are greater than invoiced quantities require you to post a return. The quantity that must be returned is displayed in the Qty to Rtn column. Items whose tagged quantities are less than invoiced quantities require you to post a requisition. The quantity that must be requisitioned is displayed in the Qty to Req column. 2. If requisitions or returns are necessary, place an X in the appropriate column (Req? or Rtn?) and select the warehouse that should be affected by the transaction. Then click Post inventory transactions. 3. Once inventory transactions have been posted, and all TAGGED and ON INVOICE quantities match (indicated by the checkmark in the middle "V" column), click Update Invoice Cost. Update invoice cost will Verify and Resolve (delete) the tags. Updating Invoice Cost will also modify the invoice cost associated with the listed part items. Initially when a part item is listed as job cost, the Standard Cost of the item as listed in the PriceBook is used. Items that were requisitioned from inventory will be updated with the item's average cost in inventory Items that were directly purchase to the job will have their cost replaced with the actual purchase price of the item per the AP invoice that was posted which included the item or the expected cost (from the Purchase Order) if the AP Invoice has not yet been posted. 28 SuccessWare, Inc.

31 Managing Warehouse and Job Tags Key Items to Remember Tags reserve warehouse items for a specific job. Tags without a warehouse number (job tag) indicates that the item was purchased directly for a job and was not received in a warehouse. A warehouse tag is created when you receive an item into a warehouse AND specify a job number on the item. These tags reserve the warehouse item for a job. INVENTORY MAINTENANCE As you process daily inventory transactions there may be situations that must be corrected or periodically maintained. For instance, you may need to cost items used on a job before they have been recorded as having been received into the warehouse thus creating a negative quantity situation. Or, you may requisition a serialized item from a warehouse before it has been recorded as received. Or, you may have received an item at the wrong cost and the average cost is now incorrect. You will also need to restock your warehouses and process vendor returns. Item Value Correction You can adjust the value and average cost of an item in the ITEM VALUE CORRECTION form. This form is also used to clear the Serial # and <Zero indicators located at the top of the Inventory Manager. The Serial # and <Zero indicators are used to alert you that the current item requires inspection, either to reconcile serial numbers or negative quantities on hand. 1. To open the ITEM VALUE CORRECTION form go to the PARTS view of the INVENTORY MANAGER. 2. Use the selection filters to display the desired parts. 3. Highlight the item you wish to adjust. 4. Right-click and select Item Value Correction. Note: You can also select the from the Value Correction button at the bottom of the PART ITEM form of the PriceBook. SuccessWare, Inc. 29

32 The ITEM VALUE CORRECTION tab contains two tabs: Quantity-Use the Quantity page of the ITEM VALUE CORRECTION form to confirm that the total on hand quantity of the item matches the total of all warehouses. If the sum of the warehouse quantities doesn't match the total quantity, the system will give instructions to make the necessary changes. Value- Use the Value page of the ITEM VALUE CORRECTION form to correct the Value of an inventory item. The form will display the total quantity on hand for each warehouse. If the sum of the warehouse quantities doesn't match the total quantity, the system will give instructions to make the necessary changes. 5. Select Next to recalculate the item total to match warehouse quantities and confirm the change. The system will move to the VALUE tab. If no discrepancy is found selecting Next will move to the VALUE tab with no message. 30 SuccessWare, Inc.

33 6. If the item s value is correct, select Value is correct. SuccessWare, Inc. 31

34 7. If the item s value is not correct, select Adjust value and the system will enable the editing fields. Enter the new AVERAGE COST for the item. 8. Use the drop-down menus to select the appropriate ADJUSTMENT code and DEPARTMENT. 9. When all necessary changes have been made, select Finish to post the changes. Finish will post any value changes, as well as clear the item s inspection flag (The Serial # and <Zero indicators at the top of the INVENTORY MANAGER). The inspection flag is set when an item s quantity or value becomes negative, of if the quantity becomes zero and the item still has a value. Correcting <Zero Quantity Situations This VALUE CORRECTION form is also used to clear the indicator located at the top of the INVENTORY MANAGER. The <Zero indicator is used to alert you that the current item requires inspection because the count has fallen below zero at one time or the quantity has become zero and the item still has a value. When an item drops below a quantity of zero the system locks in the average cost at the time the quantity went negative. The system will continue to use the locked in average cost until the item is reset to start calculating the average again. You will reset the average cost calculation by performing a value correction on the item. If the value is correct for the item you will simply select an adjustment code and department and finish, accepting the existing cost. Once the Value Correction is performed, the <Zero indicator is turned off. The <Zero indicator does alert you to which particular item requires inspection but you can also use the Inventory Control reports to find items requiring inspection. When you run the Part Valuation report you may see items that have the quantity and total value reported in a box. 32 SuccessWare, Inc.

35 The box indicates that the item s quantity was below zero at one time (or may still be) and the system is currently using the locked in average cost. To print a list of all items that require inspection select the Requires Inspection option on either the PART LIST, PART VALUATION report, or WAREHOUSE STOCK VALUATION report in the Inventory Control group of the REPORT GALLERY. Serialized Tag Review You will correct serial number discrepancies in the SERIAL NUMBERS tab of the WAREHOUSE TAG MANAGER. Select the Check Serialized Tags button to search for serial number discrepancies. If the system finds any discrepancies, select the SERIAL NUMBERS tab to make the necessary corrections. The system will display the serialized items with improper tags and use the indicators to display the type of problem with the tags. In the above example, there are missing serial numbers. In addition to lighting the appropriate indicator, the panel to the left of the grid will describe the problem found. In our example, there is a quantity of 2 in the warehouse but only 1 serial number. Use the right-click options in the grid to Add, Edit or Delete tags to make the necessary corrections. If a serialized item has a negative stock quantity you must enter an adjustment to increase the quantity to zero using a fictitious serial number. Then you must run the serialized tag check again and make corrections to the serial numbers. SuccessWare, Inc. 33

36 Vendor Returns Vendor returns require adjustments to inventory and to the vendor account. You can record both of these transactions by posting a single negative receipt to inventory. These instructions were created with the assumption that you have activated inventory. They also assume that you have posted the vendor s invoice for the purchase of the item and you expect a credit invoice or a refund from the vendor. If you have not activated inventory, the steps described in this document can still be used to track vendor returns and refunds. The system will however not affect quantities of items and the general ledger will not be affected by the negative receipt. To Process the Return You will record the return by: Resolving outstanding job tags, and Posting a negative receipt to inventory Returning Items to the Warehouse and Resolving Job Tags If there are outstanding job tags for the item you must return the unused item to a warehouse to resolve the tag before processing the vendor return. A job tag is created when you: Purchase an item for a job and do not receive it into a warehouse Post a material requisition for the job Note: If the item was purchased for a job and was also received into a warehouse, recording the negative receipt will resolve the job tag. You may move on to recording a Negative Receipt. -or- If inventory is not active in your company you do not need to perform the return, instead, just record the negative receipt. To Return Items to the Warehouse and Resolve Job Tags 1. Open the INVENTORY MANAGER 2. Select the Return button at the bottom of the form or press Alt+2 to open the RETURN form 3. Use the down arrow to select the WAREHOUSE you will use when you return the item to the vendor 4. Enter the DATE you wish to use for a post date 5. Use the COMMENTS field to enter any applicable notes. 6. Enter or select the JOB NO. for which the item was purchased. The system will populate the return with all outstanding tags for the job. 34 SuccessWare, Inc.

37 7. Highlight the item you are returning and press Enter to edit the item. Enter the quantity that is being returned and select Save to save the changes 8. Select Post Note: The Return will be populated with all outstanding tags for the job. If there are items that you still need to apply to the job and do not wish to return them, change the returned quantity to 0 for those items. Vendor Credits and Refunds When you post a negative receipt to return an item or items to a vendor, the system automatically creates an un-posted AP Credit Invoice. If you have posted a Negative Receipt to represent the item returned the vendor and the vendor sends you a credit invoice which you can apply to your next payment, there is only one step necessary to record the invoice, post the Un-posted Vendor Credit Invoice to the vendor's account. If the vendor refunds your payment by either issuing a check or cash, or crediting your credit card, you will post the invoice that was created by the receipt leaving a credit invoice as an open item in the vendor s account. When you record the actual refund you will allocate the refund to the credit transaction. If you have not activated Inventory, you may also manually create a Negative Vendor Invoice without creating a negative receipt. Recording a Vendor Credit Invoice When you have returned parts to a vendor, or if you have received a Credit Invoice from a vendor, you can build a negative AP Invoice to represent the credit in the Vendor's Account History. The credit will appear in the vendor s account history as a separate item with a transaction type of CRM. Once the credit invoice is recorded on the vendor's account, you then be able to Select the credit item (along with invoices you must pay) when creating a payment to the vendor to reduce the net check you will send to the vendor by the amount of the credit. SuccessWare, Inc. 35

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