As the Stock Control Module plays a vital role in both the Accounts Receivable and the Accounts Payable processes of a business, the Stock Control Maintenance Tab provides easy access to your Product Codes (within the Debtors Control Module), as well as the Purchase Codes (within the Creditors Control Module)
Whether your Stock Control Module integrates with the Debtors and Creditors Control Modules or not, having the ability to assign a unique Product Analysis Code and Purchase Analysis Code to a specific Stock Item presents additional ways to better analyse and use the valuable business and accounting data provided
Product Codes deal with the Accounts Receivable side of inventory control, providing you with data to help you fine-tune your sales and marketing activities, allocate resources more efficiently, and identify sales trends and inventory turnover rates
Using your Product Codes:
Unallocated Products Code
The Win Acc Debtors Control Module comes standard with an "Unallocated Products" code, which will be used if no additional Product Codes are inserted
Inserting/Updating Product Codes
When inserting a new Product Code, you will be required to enter the Unique Product Code, as well as the General Ledger Account Code
Enter a unique Description for each new product to easily keep track of every product dealt with by your business
Double Click a Product Code, or highlight the record and click "Change" to modify or update an existing code
Using Your Product Codes
Whenever a debtors document line item is added, you'll have the option of assigning the relevant Product Code
On the left we see the area to assign a Product Code (as well as VAT Code & Salesman Code) to an Invoice Line Item
Product Code Reporting
Product Analysis Report:
Take full control of your products, identify trends and use the valuable real-time information to make smarter data-backed business & marketing decisions
The Product Analysis Report (seen above), breaks down every posted document for the selected date period, providing a concise look at the sales performance of each product
View the respective Product Code, along with other important accounting and sales information for the specific line item, such as the document date & number, product cost price, specific item discount, VAT amount and Total Value, with Net Profit
Easily view the respective product totals for the date period selected, as well as the overall totals for the entire product analysis report
