Item Cost
Item Cost shows cost of an item, is used on PO's, and is used to calculate replacement.
When you create a new Purchase Order (PO) and add an item, its Item Cost is filled in. If you sell into negative quantities, Item Cost is used to estimate the replacement cost.
When you change Cost on PO, BigBusiness will ask if you want to change Item Cost. Yes, only if this is new cost for your primary vendor. No, if it is just a one-time cost.
Built Item Cost
Item Cost for Built Items is automatically updated as sum of the costs of components.
When the Item Costs of components change, or the components in the bill of materials change, the Item Cost of built items are updated to the sum of costs of its components.
The Last Cost Update Date is set to today's date for every item changed so you know. Go to Items Search and find Last Cost Update Date is today or Add (+) it as a column.
Item Automation
Item Automation includes automatic accounting, costing, inventory tracking, and more.
Accounting is created automatically in real time so you are always in balance, trued up. When you save an invoice it is added to sales, subtracted from inventory, and balanced.
Items and their costs and quantities are also updated in real time so you can see results. When you save invoices, it reduces inventory, fills order, triggers reordering, and more.
Chapter 5 Item
Item lets you manage products you sell, materials you buy, and everything in between.
Inventoried items keep counts and costs and automate their accounting. Built items are kits or bom's, and automate cost, allocating or purchasing components, and much more.
Items Search lets you Find items, Add columns to view, Update many at once, and see what is Available to sell, Needed to purchase, and ready for Orders to help fulfillment.