Overview
When you get down to the last cut on a roll of carpet and the balance of the roll will be placed on the Remnant Rack for sale as a "1 EA" unit, the system has a "Convert" feature to handle this process. The automation removes the original Inventory Record physically and financially from the system and creates a new Inventory Record at an "EA" unit type with your new specified Cost and Sell Price. Print the new label and place the Roll End on the Remnants Rack.
Training Videos
How to use the Inventory > Convert feature
If you are unable to view the above video, please click HERE
How to find available Roll Ends during the Quote process
If you are unable to view the video above, please click HERE
Summary of Steps
From the Inventory Record, use the Edit Inv > Convert tab.
Enter the Warehouse and Bin Location information.
Enter the new Sidemark. Suggested "ROLL END and LENGTH"
Enter the new Cost and Sell Price.
Choose the Posting Date and desired GL to Debit/Credit.
Financial Impacts
The original record will be Adjusted out of the system with the current Cost value. Inventory will be Credited, and the specified GL (Inventory Adjustment GL?) will be Debited.
The new record will be created with a new Cost value. Inventory will be Debited and the specified GL (Inventory Adjustment GL?) will be Credited.
Training-v22-20231116BG-KB