Table of Contents Quasar Commands Up: Setup Inventory Previous: Subdept List Next: Prices and Costs

Sub-Department Master

In addition to providing a way to sort inventory, sub-departments can substantially speed up the entry of new items. By entering a sub-department, while setting up a new inventory item, the defaulting attributes defined in the sub-department, will immediately be set.



Name

The name of the Sub-Department.

Department

The name of the department that the sub-department is linked to.

Number

The number assigned to the sub-department.

Type


Generally defines default information for the items linked to this sub-department. Defines if the items are purchased, sold and inventoried or any combination of the three. The accounts required will be displayed dependent on the combination selected.

Purchased

Toggle on or off. Toggle on if the items will be purchased through Quasar's purchasing and receiving functions.

Sold

Toggle on or off. Toggle on if the items will be sold through Quasar's sales functions.

Inventoried

Toggle on or off. Toggle on if the items will be inventoried through Quasar's inventory functions.

Expense Account

Defines the account the items are to be expensed to when they are purchased. The expense account is required for:

COGS Account

Defines the cost of goods sold account that will be posted to when the items are sold. The cost of goods sold account is required for:

Income Account

Defines the income account that will be posted to when items are sold. The income account is required for all items that are sold.

Asset Account

Defines the asset account the will be posted to when the items are purchased, added to inventory using the item adjustment window or sold. The asset account is required for all items that are inventoried.

Purchase Information


Purchase Tax

The purchase tax that will be charged when the items are purchased from a vendor

Sales Information


Target GM

The target gross margin for the items. The target gross margin is used by Quasar to calculate suggested selling prices based on desired margins.

Selling Tax

Tax that will be charged when the items are sold.

Variance

The variance attribute works in conjunction with the target gross margin attribute. When calculating suggested price changes Quasar will suggest price changes where the margin change is greater than the variance.

Inactive?

Toggle on or off. Toggle on to set the sub-department to inactive. Toggle off to re-set the sub-department to active.


Table of Contents Quasar Commands Up: Setup Inventory Previous: Subdept List Next: Prices and Costs