User Tools

Site Tools


training:category_type2

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

training:category_type2 [2018/01/23 10:14] (current)
cliff created
Line 1: Line 1:
 +====== Sub Category Types ====== ​
  
 +===== For each Main Category, add the Sub Categories that belong to it =====
 +
 +<​note>​**It is not possible to edit the Sub-Category of an Inventory record once there has been any stock activity. This is to prevent changing the Sub-Category assignment without the understanding that it will create problems if any existing invoices are edited and change the Sub-Category reporting value so that they no longer match Main Category values or the Ranking Sales value for the same date range.**</​note> ​
 +
 +==== Once the Sub-Categories are added, add the Category Types ====
 +
 +=== Add the Following ===
 +
 +**Category Number** - a three digit number that becomes the last 3 digits of the General Ledger number.\\
 +**Category Name** - The category name that will uniquely describe the category. This name will show on Income and expense reports and other inventory reports. Be concise and specific.\\
 +**Category Type** - The category type. Each **type** has special properties.\\
 +
 +** Select the Category Type from the drop down list.**\\
 +{{:​training:​category_type:​image001.png?​659x298}}\\
 +
 +^ **Code** ^ **Name** ^ **Description** ^
 +| **N** | Normal | Used for most categories, Inventory you Buy and Sell. |
 +| **L** | Labour | Used for Labour categories. Inventory control is not performed on this category.  Cost of Sales is not posted for this category, Mechanic information can be tracked for this category. Labour can or cannot be used in the calculation of invoice profitability. |
 +| **I** | Non Inventory | Same as Normal except Inventory control is not performed. Useful for shipping charges or sub contract Labour. |
 +| **C** | Consignment | Consignment Category, All Items will be Consignment items.  Optionally,​  consignment items may be put in any category and the inventory **Type** set to ‘Consignment’. |
 +| **F** | Floor Plan | Floor Planning Category, though floor planning items may be put in any category and setting the inventory type to Floor Planning. |
 +| **T** | Tires | Same as Normal, but automatically determines tire sizes. |
 +| **U** | Tubes | Similar to Tire, but does not determine sizes. |
 +| **H** | Hundred Weight | Used in Weight calculations -- not often used |
 +| **P** | Photo | (obsolete, needed at one time for Australian photo taxes) |
 +| **R** | Rental | Items that require Rental Tracking of Time in and Time out etc. |
 +| **A** | Gift Card | Special Type for Gift Cards |
 +    ​
 +**Figure 1. The Sub-Category Type**
 +
 +<​note>​Obsolete categories work the same as normal. They were used by previous versions of System Five that required that these inventory types were separated in their own category.</​note>​
 +
 +  * **Income** The ledger number that the total sell price or income is posted to for inventory items in this category.
 +  * **Expense** (or cost of sales) The ledger number that actual Cost of sales is posted to for inventory items in this category.\\
 +
 +<note tip>​**Although it is possible to set the Income and Expense for each Sub Category to the same Ledger Account, this will cause problems with a number of the systems Reports.**
 +**System Five expects each Sub-Category to have a unique Ledger Account for both Income and Expense.**
 +**It is possible to write your own custom Ledger Reports to work around this default behaviour if you must have the same Accounts for all Sub-Categories.**
 +**System Five will display a warning message if you enter an Income or Expense account more than once to help prevent the problem described above.**</​note>​
 +
 +**Optional Inventory** Normally all inventory is posted to one inventory account. Some systems require that each category have its own inventory account.  However if you wish to have some categories post to a separate inventory account, then enter the ledger number here, otherwise it will use the default inventory ledger number. We do not recommend using different inventory accounts for each category unless you have just a few inventory accounts and these inventory types are easy to distinguish from each other.\\
 + 
 +**If you use Optional Inventory** accounts, you must enter the correct inventory account on each bill you create. This may be achieved by using the default ledger account on each supplier, if the inventory types are separated by supplier.\\
 +
 +**Catalog Page** This should be left a ‘0’ for most operations. This can be set by System Five when creating a catalog. It is sometimes used for some optional reports to group categories together.\\
 +
 +**Open to Buy**  This amount is used for the Open to Buy and Inventory Value report for budgeting the amount of stock in each sub category. This is a running value that provides a simple guide for your stock investment within a sub category. The values are static, but they can be modified at any time. The Open To Buy value can been seen in **Figure 1**.\\
 +
 +{{:​training:​category_type:​image002.png?​681x238}}\\
 + ​**Figure 2: Sub Category Open To Buy example** ​
 +
 +<​note>​If a single Open To Buy value does not meet your needs, you may want to use the Budgeting Open To Buy option that allows for monthly budgets for each Sub Category. When this option is enabled, the Sub Category listing no longer contains the Open To Buy column, as can be seen in **Figure 1**</​note>​
 +
 +{{:​training:​category_type:​image003.png?​699x141}}\\
 +**Figure 3: Sub Category listing with Budgeting - Open To Buy option enabled**
 +
 +**For details on the configuration of the optional Budgeting feature, see Self Help.** ​
 +
 +**Auto Increment** can change the sequence of number as you enter them.  The renumber button can be used to renumber the categories by the sequence if and only if you have not created the ledger numbers and you have not assigned any inventory items to the sub categories.\\ ​
 +
 +{{:​training:​category_type:​image004.png?​671x199}}\\
 +**Figure 4: Auto Increment Numbers**
 +
 +**Create __L__edger Number** button will create the Income, Cost of Sales, Optional Income, Optional Cost of Sales, and Optional Inventory ledger numbers specified in Sub Category columns.
 +
 +{{:​training:​category_type:​image005.png?​372x133}}\\
 +**Figure 5: Create Ledger Numbers**
training/category_type2.txt · Last modified: 2018/01/23 10:14 by cliff