QuickBooks Accountant Sage 50 Accountant Edition Sage 50 Accountant Edition Job Costing
Industry Solutions:(Construction/ (Construction/Distribution/Manufacturing)
The most feature-rich inventory management software
available that improves your entire business.
Manage dispersed acquisition, manufacturing,warehousing & distribution activities - in one location or multiple throughout the world
Multi-tiered inventory management, Matrix inventory, Kitting, Assemblies, & Advanced lot & serial number management &multi-tiered financial control
EDI, eCommerce, Drop ship wizard, Consignment inventory& Vendor managed inventory management
Fully-integrated picking, shipping and shipment tracking
ACCTivate!'s inventory management software is flexible, robust and proven, yet continually evolving to integrate new technologies and capabilities. Key features include:
How can inventory control software help your business?
Increases profitability by automating inventory control process & procedures.
Improves accuracy, saves time & reduces human errors.
Reduces end-of-year write-offs, lost & misplaced inventory & operational bottlenecks.
Improves customer service by reducing out of stocks & time spent on resolving customer problems.
Increases visibility & helps with better decision making and purchasing decisions.
Real-time Inventory visibility from one screen
The ACCTivate! Inventory product screen allows at-a-glance visualization of key inventory control indicators and enables real-time inventory management and analysis.
Monitor all aspects of inventory from one location including:
Inventory available (not committed for a particular use)
Inventory on order from suppliers
Inventory committed to production work order
Inventory committed to customers
Minimum inventory level
Maximum inventory level
Minimum reorder quantity
Recommended reorder quantity
Bill of materials
Infinite ability to include notes & description information
Current inventory on hand in each location
Multiple ID codes for each product
Identify products by multiple product ID codes that may be associated with each product. Alternate product IDs may be used as an alternate lookup key or may be printed on the sales and/or purchase documents. Each product ID code may contain numbers, letters, special characters and embedded spaces.
Internal part number
Manufacturers' part numbers
Industry-specific codes, such as NRF codes or NAPA codes
Vendor part numbers
Customer specific part numbers
Alternative inventory product descriptions
Usage examples include:
Multiple Units of MeasureACCTivate!'s flexible multiple units of measure functionality allows a primary and relative alternate units of measure for order-taking, purchasing and packaging to be used for each product in the inventory. The selling price may be stated in either the primary unit of measure, alternate unit of measure or any other unit of measure for which there is a universal relationship (i.e.inches to feet).
ACCTivate! maintains a comprehensive history of buying and selling activities from the original request to the completion of the order with visibility into current status,progress and activity completion status.
History can be used to:
Track lot or serial numbers
Identify customers who have ordered or purchased a particular product
ACCTivate! Inventory valuation methods ACCTivate! has the most reliable valuation and costing methodology of any small & mid-sized business software.
Average: The weighted average cost of inventory on hand. As new stock is received, the total value of the received inventory items is added to the value of the existing inventory items. The resulting value is divided by the resulting quantity on hand to form a true weighted average cost.
Standard: All inventory on hand is valued at the standard cost established for the product. Standard cost may be changed at any time by entering a balance adjustment transaction.
LIFO (Last In First Out): When inventory is received, a cost-layer is established which identifies the quantity, unit cost and total value of goods received into inventory in this transaction. As inventory is sold, the layers are costed and depleted beginning with the most recent layers.
FIFO (First in First Out): When inventory is received, a cost-layer is established which identifies the quantity, unit cost and total value of goods received into inventory in this transaction. As inventory is sold, the layers are costed and depleted to the oldest remaining layer.
Specific Identity (actual): When inventory is serial-numbered, the option exists to cost each item sold at the actual cost for which it was purchased. When inventory is lot-numbered, the actual cost is the weighted average of all purchases for that lot.
Landed Cost Landed cost includes additional costs beyond the purchase price of a product such as duties, taxes, VAT, government fees, customs, freight, insurance and other charges in product valuation. ACCTivate!'s Landed Cost addon module, quickly and easily enables businesses to manually and automatically allocate these additional charges — the total landed cost amount — from the vendor(s) across one or more transactions (i.e. receipts, receipts from a purchase order and inventory transfers) based on quantity, value or weight. Added Cost Costs incurred after receipt of product in inventory may be included in product valuation. For example: refurbishing costs, outsourced handling or 3PL costs.
Management Cost Maintain a management or budgeted cost for each item in inventory. Vendor Cost For each vendor, a published vendor cost and the actual last vendor cost may be maintained.