Parts Setup (continued)
Part Detail - Data Entry Field Definitions
Required fields are denoted with an asterisk after the field name.
Costing Section
Method* - Select the costing method from the drop-down list that will be used for this part. Standard Costing is highly recommended for regular inventory parts.
PPV Account* - Select the Purchase Price Variance G/L asset account from the drop-down list. This account is used when the purchase cost on the Bill is different than the received cost from a Purchase Order.
Direct Expense Account* - Select the Cost of Goods sold G/L account that will be used when direct expensing a part purchase.
AR Setup Section
Invoice Item* - Select the Invoice Item from the drop-down list that will be used when creating an invoice for this part. The income account linked to the Invoice Item will be used when a part is sold through Service, a new Installation Job or an over the counter sale made with a Miscellaneous invoice.
7000.1.2
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