PO Costing

Reports - Financial - PO Costing

This report is an accounting tool to help the store compute/determine the cost of sales and inventory postings of special order sales where revenue has been realized and cost of sales appearing prior to the customer's merchandise being received into the store's inventory.

Tip: Inventory could be overstated in the shop's accounting system if inventory value is reduced for customer's purchases that are special ordered prior to actually receiving their merchandise. Please discuss with an accountant to understand the best strategy for handling this scenario.

Report Criteria

Create date between... Only show PO line items (not PO's) created in within this date range. Items created within the range will be listed on the report.

Sort by... Sort options are:

• Issue date
• Create date

Data Options:

Note: For all options, the PO issue date is not considered and thus does not limit the data appearing.

Zero Cost for Revenue Realized ordered items ...

The report will include one line per PO line items created from a customer's sales ticket/receipt during the date range specified. If the revenue for the PO item sale has been realized, then the item's cost will be shown as zero in the report.

Remove zero cost and revenue realized items ...

The report will include one line per PO line item created from a customer's sales ticket/receipt during the date range specified. The PO item will not appear on the report if the revenue for the PO item sale has been realized or the cost of the PO item is zero.

Remove items received or revenue realized outside the date range ...

The report will include one line per PO line items only if the PO item was created created from a customer's sales ticket/receipt during the date range specified and the PO item WAS NOT received during the date range specified.

Also, the cost of the PO item will show as zero if the revenue was realized outside the date range specified, or the revenue has not been realized.

Remove items received or revenue realized outside the date range, and zero cost items ...

The report will include one line per PO line items only if the PO item was created during the date range specified and the PO item WAS NOT received during the date range specified. Also, PO items will not show on the report if the revenue was realized outside the date range specified, or revenue has not been realized, or the cost of the PO item is zero.