How are Post Period Summary Values Calculated?

How are Post Period Summary Values Calculated?

Before completing the Post for a period, Net-Chef displays a dialog box summarizing the inventory data for the period. These values are calculated as follows:

Period Purchases = [ Total Purchases {includes order surcharges} + Total value of Produced Recipes ] 

This includes the value of all products and services purchased from any Purchase Order (ie Vendor Orders) and recipes produced during the period. The Period Purchases can be seen from the Purchases by GL report.

Note: The Purchases by GL Report is the Total Value of the Puchases for the GL Account

Consumption = [ Beginning $ + Received $ – Physical $ ] 

This includes the value of all products sold and adjusted during the period. Consumption can be calculated from values in the Physical Inventory Summary report when you run the report for the post period and set View By = 'Value.'

Ending Inventory = [ Physical $ + In Transit $ ] 

This includes the value of products remaining in inventory and those products issued but not yet reconciled at the end of the period. Ending Inventory is displayed in the Physical Inventory Summary report when you run the report for the post period and set View By = 'Value.'

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