The stock ledger supports both the retail (4-5-4) and the normal (Gregorian) calendar. The cost method can use standard cost or average cost, depending on how the system is configured. The stock ledger supports both the retail and cost methods of accounting. This allows corporate reporting to be performed in the primary currency of the company, while still providing visibility by location to the profitability in the local currency. As transaction-level information is rolled up to the aggregated levels in the stock ledger, records are kept in local currency and converted to primary currency. All transaction-level information is stored in the local currency of the store or warehouse where the transaction occurred. The stock ledger supports multiple currencies. The stock ledger is mainly used for reporting purposes in Merchandising however, there is some online visibility as well. The aggregate levels in the stock ledger are used to measure inventory amounts and merchandise profitability. All of these transactions are recorded in the Merchandising stock ledger and rolled up to the subclass/location level for days, weeks, and months, depending on calendar settings. The stock ledger in Merchandising records the financial results of the merchandising processes such as buying, selling, price changes, and transfers. Financial management activities include maintaining basic financial data (such as cost), formulating financial budgets, general ledger relationship maintenance, and stock ledger. The Merchandising financial management module primarily aims to maintain an accurate stock ledger, export financial data to an external financial system, and monitor a company's performance based on key performance indices.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |