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To create an average cost:

1. Locate and click the appropriate Branch Office or Laydown Yard in the Organization Tree.

2. Click the Transactions tab.

3. Click the Add button () and select Product Average Cost Adjustment from the menu that appears.

The Available Average Cost Adjustment dialog appears.

4. Click the Date calendar icon ().

The calendar appears.

5. Locate and click the appropriate date.

6. Click in the Notes text field and enter notes for the Transaction.

7. Click the Products tab.

The Available Average Cost Adjustment dialog appears.

6. Locate the appropriate product, click in its cell in the Quantity column and enter the quantity to purchase.

Note: In order to have accurate overall costs, this quantity should equal the total of your product inventory at the Branch Office or Laydown Yard.  To find this total, select the Products tab for the Branch Office or Laydown Yard and refer to the Total amount.

7. Click in its cell in the Cost Ea. column and enter the cost of each one piece.

8. Repeat the above two steps as many time s as necessary.

9. Click OK.

Quantify populates the Last Cost and Average Cost for the item in the Product Catalog.  As additional quantities of the same item are purchased using purchase transactions, Quantify will update the average cost and last cost for the item accordingly.

Important: The Product Average Cost Adjustment Transaction will override any existing amounts for the Last Cost and/or Average Cost for an item.





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