NEO Version 5.1.34.X Inventory Tracking & Job Costing System New Features

This Help File Page was last Modified on 08/08/2013

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NEO Version 5.1.34.X Inventory Tracking & Job Costing System New Features

This Help File Page was last Modified on 08/08/2013

Welcome to the Summary Page which describes the major New Features added to the Inventory Tracking & Job Costing System within the MKMS NEO Version 5.1.34.X Release.

This New Features Table contains three columns of data relating to each of these New features:

1.Program Module(s) Affected - This column lists the specific modules that were improved.

2.Chapter Links - This column lists of the link(s) to the chapter(s) where the previous instructions, illustrations and explanations have been revised to reflect the program changes and/or enhancements.

3.Description of the Enhancement - A brief explanation of the new features, functions and enhancements that have been added in this release with links to all of the affected chapters and some related chapters, also.

 

Understanding the New features Chart:

All of the Program Module(s) that are Affected are listed.

The Chapter Links are provided for finding the instructions, illustrations, and details on the operation and usage of the new feature(s).

A brief Description of the Enhancement is shown, sometimes with additional Chapter Links.

 

Program Module(s) Affected

Chapter Links

Description of the Enhancement

 

 


Inventory Tracking & Job Costing

Company Settings

The following Company Settings options and features have been added:

 

Search By - A new Search By field has been added whereby a search may be performed on any selected Column (i.e., ID, Section, or Setting Name) to locate a specific Company Settings.

 

Confirm Negative Inventory - By default, the ConfirmNegativeInventory option is set to False ("F")  

When the ConfirmNegativeInventory option is set to True ("T"), if an Inventory item is used in the Job Costing Form's Inventory tab, entered in the Inventory\Materials tab of a Work Order, added to an Invoice, or included as a Proposal Item on a Proposal  - and the addition of that Inventory item would result in a negative Quantity on Hand value for that Inventory item, a Pop-Up Warning Message will be displayed.

To turn off this Pop-Up Warning Message feature again, set the ConfirmNegativeInventory option to False ("F").  

Implemented the new Average Inventory Cost table calculation: (a new Inventory Valuation methodology) for tracking the Value of Inventory Items within the General Ledger System.

By default the AverageCostInventory option within the Company Settings dialog of the Company tab of the User Options Form is set to False ("F").

If the AverageCostInventory option set to True ("T"), Inventory Valuation will be set based on the Average Cost paid for an Inventory Item versus whatever was the currently set Inventory Valuation method.

Also see the Inventory Valuation Options chapter.

Inventory Tracking & Job Costing

Legacy Job Costing

Inventory Options tab

User Options

If Legacy Job Costing records exist within the MKMSdefault database, the following fields will be displayed in the Inventory Options tab of the User Options Form but may not be modified, otherwise, these fields will not be displayed at all.

Last Job No. - No longer Used - This was a Legacy Job Costing function where the next Job Number to be assigned could be specified by entering  the Last Job Number that was used (or what you wanted to represent as that last number thereby identifying what the next number should be).

Labor Rates: - No longer Used - This was a Legacy Job Costing function where the Labor Rates defined below would represent the Hourly Rate that is Invoiced to a Subscriber - with those Labor Rates being calculated based on the set of Technician Skills that would be required to complete a specific type of Job Task assignment.

oStandard Labor Rate - Represents the minimum labor rate that will be charged.

oPro. Labor Rate #1 - Represents the minimum Professional level labor rate that will be charged.

oPro. Labor Rate #2 - Represents the second level Professional level labor rate that will be charged.

oPro. Labor Rate #3 - Represents the highest level Professional labor rate that will be charged.

Inventory Tracking & Job Costing

Inventory Item

Inventory Valuation Methods

Sale-Purchase Item

Calculate Average Item Cost

When entering a Sale, if an Inventory Item entry creates a Negative On Hand Quantity for the selected Inventory Item, a Negative Inventory Warning message will be displayed.

A Retail Labor Rate field has been added to the Sale-Purchase Item Form.

Under Development - A new AP Taxable? Check box has been added to the Sale-Purchase Item Form

There are now three Inventory Valuation Methods:

1.Price In

2.LIFO

3.Average Inventory Cost

A new Calculate Average Item Cost function is added to support the Average Inventory Cost Inventory Valuation Method.

 

If an Inventory Item is entered, and saved, and subsequently a User attempts to Remove this Inventory Item Check mark:

A Warning will be displayed.

Un-Checking the Inventory Item box requires confirmation because the Sale-Purchase Item will no longer be considered (or tracked as) an Inventory Item

The ramifications of removing the Inventory Item Check mark are itemized within a new Warning dialog.