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Overview


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  1. Inventory Transfer Accounting provides the ability to:
    1. Establish Product Pricing Rules for the Transfer of Inventory among Inventory Areas (Hospital Units).
      1. Pricing Method:
        1. The method used to establish the price that will be charged for Inventory that is Transferred from the Source Inventory Area to the Destination Inventory Area.
        2. The available Pricing Methods are: 
          1. Cost Only: Prices for items transferred from the Source Inventory Area will be based on the Actual Cost (as specified on the 'Product Information' screen) only.
          2. Cost + Amount: Prices for items transferred from the Source Inventory Area will be based on the Actual Cost (as specified on the 'Product Information' screen), plus a Flat Amount.
          3. Cost X Multiplier: Prices for items transferred from the Source Inventory Area will be based on the Actual Cost (as specified on the 'Product Information' screen) multiplied by an Active Markup Multiplier (configured on the 'Product Setup' screen - 'Markup Setup' tab); or, by a Multiplier entered as the Pricing Parameter (refer to the definition of 'Pricing Parameter').
          4. Cost + %: Prices for items transferred from the Source Inventory Area will be based on the Actual Cost (as specified on the 'Product Information' screen), plus a percentage of the Actual Cost.
          5. Price Only: Prices for items transferred from the Source Inventory Area will be based on the Pricing Basis (as specified on the 'Product Information' screen) only.
          6. Price + Amount: Prices for items transferred from the Source Inventory Area will be based on the Pricing Basis (as specified on the 'Product Information' screen), plus a Flat Amount.
          7. Price X Multiplier: Prices for items transferred from the Source Inventory Area will be based on the Pricing Basis (as specified on the 'Product Information' screen) multiplied by an Active Markup Multiplier (configured on the 'Product Setup' screen - 'Markup Setup' tab); or, by a Multiplier entered as the Pricing Parameter (refer to the definition of 'Pricing Parameter').
          8. Price + %: Prices for items transferred from the Source Inventory Area will be based on the Pricing Basis (as specified on the 'Product Information' screen) plus a percentage of the Pricing Basis.
        3. The default Pricing Methodcan be specified for a Source Inventory Area (Hospital Unit).  The Default Pricing Method will be used if the Source/Destination/Product Line combination are not found.
      2. Pricing Parameter:
        1. Depending on the Pricing Method, the Pricing Parameter will be one of the following:
          1. Blank
          2. Flat Dollar Amount
          3. Percentage
          4. Multiplier
        2. The Pricing Parameter will be applied by the Pricing Method rule.
        3. The default Pricing Parameter can be specified for a Source Inventory Area (Hospital Unit).  The Default Pricing Method will be used if the Source/Destination/Product Line combination are not found.
    2. Establish and track Accounts Payable and Accounts Receivable among the Inventory Areas (Hospital Units).




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