Customer Case:
The customer wants to understand how ON!Track handles quantity item cost calculations when stock is transferred from one location to another. They are concerned that the same quantity might be charged at both locations on the transfer date, resulting in duplicate costs.
The customer wants to understand how ON!Track handles quantity item cost calculations when stock is transferred from one location to another. They are concerned that the same quantity might be charged at both locations on the transfer date, resulting in duplicate costs.
How does ON!Track work?
ON!Track is designed to prevent the same quantity item from being charged at two locations for the same period.
When a quantity item is transferred from one location to another, ON!Track closes the existing cost entry at the source location and creates a new cost entry at the destination location.
To avoid duplicate charging, ON!Track attributes the transfer date to the new location rather than the previous location.
Example:
- A quantity item is present at Location A from 1 August to 17 August.
- On 17 August, part or all of the stock is transferred to Location B.
In this scenario:
- The cost entry for Location A is closed.
- The transferred quantity starts a new cost entry at Location B.
- 17 August is considered as part of the charging period for Location B, not Location A.
This ensures that the transferred quantity is charged only once and prevents duplicate cost calculations across multiple locations.
As a result, ON!Track maintains accurate quantity item costing while ensuring that transferred stock is never billed simultaneously at both the source and destination locations.