You can configure wholesale cost in the Inventory — Settings section. You can indicate that the wholesale cost of products needs to be taken either from the product’s settings or from the last products arrival. You can also select the calculation of the average wholesale cost in all product arrivals.
To determine the setting for Wholesale cost of products go to the Inventory — Settings section and select the appropriate option from the drop-down list. Click Save.
The wholesale cost value will change automatically when you create a new products arrival and indicate the price.
- It’s important to keep in mind the order of operations. For instance, if you’re viewing the report for October in November and you performed the last products arrival in November, the wholesale cost in the report will be taken from the products arrival that you performed at the end of October.
- The same rule applies for the history of operations that you see in the Inventory — Inventory operations section. For instance, you sold products on the 20th and the wholesale cost will be taken from the latest products arrival you performed before the 20th. If you sell the same products on the 29th the wholesale cost will be taken from the latest products arrival from the 25th, etc.
Where is the wholesale cost used?
- In the Inventory — Inventory operations section.
- In the reports in the Inventory section: inventory balance and sales analysis.
- When calculating payroll for an employee.
The wholesale cost of consumables will be displayed in the Payroll statement if an employee already has a Calculation chart set that uses a Calculation rule that includes the wholesale cost of services/products.
- By default, consumables can be written off from a storage with the type to write-off the consumable materials only.
- If you want to automate writing off of consumables, you can use this article for guidance.
- You can set up payroll calculation that includes the wholesale cost of consumables by using information from this article.