Page Comparison

• The definition of encoded type is no need to stock in but allow to sell NEGATIVE QUANTITY in the stock balance.

• Example: 

Most of the FRESH FOOD like FISH and CHICKEN is subject to extremely big SEASONAL pricing, and the food has to be fresh, it doesn't make sense to keep the food over a week, and try to average out the cost of the goods, base on historical pricing from last week etc. (sometimes it is difficult to force the staff to remember to charge out or adjust out the left over stock that need to be thrown away).

Therefore, wastage and pilferage is very normal

• Encoded item is scan the barcode and back calculator the price.

• Encoded item only appear at accounting site but not inventory site.

• No stock, but add to journal entry.

• We are not using MA COST.

• GP will show as 100%, because we are making or MA-COST to be ZERO.

• System will BACK-CALCULATE THE QUANTITY, and then do the ROUNDING accordingly on the QTY.

• If want to see GP by item, customer will just need to take the Sales amount - Purchase amount per item.

• Stock Report > Check OR-16 report for Encoded Item Code Stock Movement Report.