Transactions Affecting Average Cost

In PakERP Average Cost of the Item is calculated by the system automatically when any transaction is affecting the Inventory Valuation. Following are the transactions that affect Average Cost. Stock Purchased at Cost other than the Current Unit Cost.Stock Adjustment...

Disadvantages of Standard Costing System

PakERP works on Average Costing System. That means for every transaction that affects inventory the System automatically calculates the Average Cost Prevailing in the system. However sometimes if clients prefers to handle Inventory Cost himself instead of letting...

Clearing Module Step by Step

In Pakerp we have designed module specialty for Clearing/Forwarding Agents which have multi user option , Cost center PD management and auto generate Invoice option, easy and simple, following are the steps 2nd Step Go to Cost Center and create item 3rd Step Go to...

Multiple Bank Transfers In Single Voucher

In PakERP the default Bank Account Transfer is used to execute inter bank or cash transfers. This process is limited to use single account at Debit and Credit side. But in some cases it is required to enter multiple Bank Transfers in one voucher. For this purpose you...

Setting Up Transaction References

In PakERP you can define customized Transaction References. For e.g. If you Want Invoice Number in the Format IN-07-19-001 where 07 is month, 19 is year and 001 is sequence. Then you can do as below. Note: The Sequence Number will be reset when a new month is...

Remember Last Doc Date

Some times when a user is recording back dated invoices and vouchers in bulk quantity, it is very cumbersome to change the date all the time to back date. If by mistake the user forgot to change the date then all invoices need to edit again to change the date. In...