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Receiving a PO and I realized while in the PO that several of the prices had changed for inventory items. Wondering if there is a way to change pricing while in the PO or do I have to delete the PO and edit my inventory pricing and then create a another PO?
ANSWER: The simple answer is to change the Cost value in the PO and proceed to receive inventory.
INVENTORY COST
PFW is a FIFO (First In, First Out) program and tracks true costs of items received on purchase orders.
We highly recommend the use of purchase orders to update your stock counts because it will more accurately track your costs and your profits. (Using verify/adjust quantities at the inventory list is quick, but not as full-featured in the long run.)
1) First, go to File: System: System Setup: Purchase Orders: Receiving POs.
There is an option "Prompt Immediately To Confirm Price When Receiving If Cost Has Changed" which should be checkmarked. This is a good feature because you will immediately be reminded that costs have changed and that you should adjust your selling prices accordingly.
2) When preparing or receiving a PO, make any cost changes on the PO as needed.
3) When you receive the PO, you should stop at the PO Receive Summary screen and review Price/Cost Review.
This allows you to decide if the new cost should overwrite the inventory item Last Order Cost, the Vendor Cost, or Both, or None.
This feature allows you to receive special offer inventory from your vendors without PFW assuming the special cost will available in the future at that same cost.
FOR FURTHER INFORMATION
Press F1 for Help while viewing the PO Receive Summary screen or go to Help: PFW Help: Index tab: PO Receive Summary topic
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