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We are a team of software learning creators bringing you weekly software learning tips, operation education, and operation SOP tricks. Whether you are facing any business operation challenges on your business or you need a software solution to automate your business, we have you covered by helping you take your operation to the next level!
Inventory Average Cost Calculations The software provides for the selection of any of four methods of costing for its inventory: LIFO, FIFO, Average and Standard. The average cost method used by the software is called “rolling weighted average.” The following examples show the benefit of using this method for average cost calculations. Basic Weighted Average ...
Calculating GST on Tax Invoices There are two ways to compute the total GST amount on your tax invoice when several items of standard-rated supplies have been purchased: Add the GST amount for each line item; or Take the total amount payable for all items (excluding GST) x 7% The total GST ...
Tax Invoice A tax invoice is the main document for supporting an input tax claim. You must keep the tax invoices issued to your customers, and those given to you by your suppliers, for at least five years. You do not need to submit these tax invoices with your GST returns. When to ...
So How Do Blanket Sales Orders Work? Let’s say your customer predicts they will need 12,000 computer over the next twelve months. By committing to this quantity, you offer them an additional 20% discount off their current price and agree to ship 100o computer the first of every month. In addition to ...
A blanket sales order is a type of master order that contains specific quantities for certain inventory items at pre-determined prices that the customer can draw against over a set period of time. Your customer commits to purchasing a large quantity which can qualify them for volume discounts within the agreed ...
What are bills of material? Bills of material (BOMs) are used to define the manufacturing specifications for your products or those you make on behalf of others. Manufacturing specifications include \"outputs\", \"revisions\", a \"routing\", and \"components.\" A bill of materials or product structure (sometimes bill of material, BOM or associated list) is ...
