The Part Options Tab sets in place powerful controls for transactions involving Parts Inventory, both Stock and Purchased.

Some of these affect Costing (and possibly Pricing) of Parts, and thus pass on to your Profit and Loss.

Fields: (For help with data entry, see Field Select Boxes and Field Helpers.)

 

Inventory Cost Valuation:

The Costing Method used for all Parts taken from Inventory Stock. This Company Preference provides the default for defining a Part on the Parts General Tab. You can override it for any Part. (Review Inventory Valuation and the Parts General Tab for a in-depth understanding of these methods.)

Use of Parts out of stock:

The Control Level to use when negative values would result in Quantity on Hand for Inventory, when removing Parts from Inventory Stock in the following places:

Control Level. (Selection from the lookup-box):

Restrict: - do not allow negative values

Confirm: - present a Warning Message if negative values will result, but allow user to confirm the action and proceed. (On various Parts screens, negative values for transactions may display for Quantity on Hand.)

Allow: - will allow negative values to result when the Quantity removed from Inventory Stock exceeds the Quantity on Hand. (On various Parts screens, negative values for transactions may display for Quantity on Hand.)

Update Cost when changing Vendor Pricing:

Checkbox - select to have calculations update the Average and Current Costs on the Parts General Tab (see Inventory Valuation) when you do any manual changes to the Vendor Pricing Tab of the Parts Screen.

 

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