As you know from your Accounting classes, if a cost is incurred in bringing an asset to its intended use then that cost should be added to the value of the asset (although there are exceptions of course). In this case the asset we are talking about is Inventory. We call this cost a Landed Cost. These costs include freight, insurance, various taxes, duties, port charges, etc. So how do we account for these costs in Inventory? Read on to find out!

Important Note:

This article assumes you will be rolling the extra costs into the value of the Inventory. There could be extra costs on the Vendor Invoice that you do not want to include in the value of the Inventory. To do this, you should enter the costs directly on the General Ledger tab of the Voucher.

In this lesson we will look at receiving a Credit Card payment from a customer. We will be focusing mainly on the Receipt Information section. If you need help with the other sections of the Receipt window then see this article for a more generic look at creating a new Receipt.

AV supports the ability to track your Inventory's whereabouts within a particular Warehouse using Locations.

To learn how to transfer Inventory between these Locations see this article.

Below are bare minimum system requirements for both AcctVantage Client and Server hardware. Better than minimum hardware will improve performance.

AcctVantage Technical Support does not support hardware, network, or other IT setup outside of actually installing and configuring the AcctVantage software. However, we will be happy to work with your IT staff or consultants to discuss our experiences with various hardware/network situations.

-----------------------------------------------------------------------------

Notes on Operating Systems:  

• AcctVantage releases are certified to work with specific versions of Macintosh and Windows Operating Systems.  
  • For Macintosh, certifications are done at the 10.x level, meaning that an AcctVantage version certified for 10.5 or earlier will not operate on a server or client running Mac OS 10.4.  
  • For Windows, the certification is done by major release version such as Windows XP or Windows 7.
• We suggest turning OFF all Automatic Update programs that may update an Operating System version. The OS certification applies to both Server and Client machines.
• Bookmark this article for the latest supported OS versions and the corresponding AcctVantage release.
• AcctVantage operates on a Local Area Network (LAN) using TCP/IP protocols. If all users are on the same LAN, then dynamic IP address assignment is acceptable. It is recommended that all LAN connections be routed through switches rather than hubs and that “daisy-chaining” of switches and/or hubs be avoided.