How to add a New Store on PlusCentral?

How to add a New Store on PlusCentral?

The below steps can be followed when adding a new store, take note this is license dependent, you will need to contact your client success team for quote to increase the license.

Steps
  1. Navigate to Administration > Stock Administration > Stores
  2. Click on Add
    1. Code: Up to 4 characters.
    2. Description: Name of the store.
    3. GL Number: General Ledger Number for the store.
    4. Current Period: Current financial period for the property. (If you wish load the previous period, then do closing stock take and then run month end so that your current period has opening stock figure)
    5. Financial Year: Current tax year for the property.
    6. Max Period: Amount of periods for the tax year specified, usually 12.
    7. On Hold: Tick only if the store is not in use for stock take purposes. 
    8. Create Store on PlusPoint Server for External Issue: This tick should only be activated for PlusPoint Central Stores users, this tick will be used to activate the store for external issues.
    9. Use Weighted Average Cost Price: This is used to determine what method is used to calculate the average cost price. If Weighted is used then the number of stock items on and as well as the number of items purchased is taken into consideration when calculating the average. If it is not used as a rolling average calculation is used, simply adding the current and new together and dividing by two.
    10. Weekly Stock Takes: The system will update the status automatically, should the weekly stock take utility be used in this system.
  3. Click on save
  4. Stock items can be created and then linked to the stores  How do I build a new Stock Item in PlusCentral?
  5. Stock take can be done or stock issues to load stock values(issuing from existing store)

Please Note
If you are unsure of anything please contact your client support team to assist you.

Moving Average and Weighted Average Calculations





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