An update has been made to Manual Stock Receipt to cater for the introduction of Product Maintenance – Levies. The following changes have been made.
- A new field called ‘Total Levy’ at the top of the screen. Total Levy represents the total amount of levy charges on a supplier invoice.
- A new field called ‘Levy on Stock’ at the bottom of the screen. This field represents the total value of Levy charges based on the products entered on the stock receipt. This is calculated by taking the value of ‘Levy Buy Amount’ from the Supplier of the product * Received quantity.
- When you now complete a Stock Receipt, the operator will be given the option to automatically adjust the ‘Total Levy’ to the same value of the ‘Levy on Stock’ if the value entered in the ‘Total Levy’ field does not equal ‘Levy on Stock’ calculation.
- Stock Receipts has been updated to create journal entries from completed Stock Receipts to a General ledger account assigned in the system for “Levy Paid” . This GL Account will need to be created and assigned by ACR. Purchase Journal entries will be automatic only if the configuration “Auto Purch Jrnl from Stk Rec” is set to True in Creditor Configuration.
- When a Stock Receipt – Stock Movement is now created levy charges will also be attached to the record according to the amount in the original stock receipt.
- A new field called ‘Line Cost Inc Levy’ to the top of the screen. If the operator sets this to true, it will add the levy charge to the cost of the product at the product line level.
This update is only applicable to TradeTalk only.