Processing Inventory Management

Release batches

Release batches by type:
  • Input raw materials
  • Output raw materials
  • Goods returned
  • Input finished products
  • Sales
  • Returned sales
Inventory Management - Process - Release Batches

Post to General Ledger (first time)

Go into Post to general ledger to transfer expenses 621, 622, 627 into general ledger
Inventory Management - Process - Release Batches - Post to General Ledger (first time)
Choose from date… to date… Then click post.

Calculate Cost

includes below steps
  • Step 1: Select the accounting period for costing calculation.
Inventory Management - Process - Release Batches - Input unit price of finish goods
  • Step 2: Go into calculate costing section, enter quotas for manufacturing of each type of finished products. A finished product comprises of many kinds of raw materials with pre-determined quotas so that each finished product and each raw material shall be entered in 1 line (This quota shall include natural deficiency amount if any). Once completing this step, click save button. Accountant shall choose the latest quotas table for the next time costing calculation. If there are any chage, accountants should correct it.
Inventory Management - Process - Release Batches - Input unit price of finish goods - Print

Calculate Cost of Goods Sold (COGS)

Choose from date… to date… Choose download. Select calculator and then save.
Inventory Management - Process - Release Batches - Input cost of good sold

Post to General Ledger (second time)

into Post to general ledger to transfer 155, 632 into general ledger.
Inventory Management - Process - Release Batches - Post to General Ledger (second time)