Average Cost

Purchase Reports (Page) | Average Cost

Average Cost

Average Cost Menu

Average Cost Report refers to the list of Inventory Average Costs.

Requirements before using Average Cost

• The user should setup have the following records in order to proceed on using the Average Cost
  1. Item Master

Average Cost Report Terms on Oojeema Prime

Field	Description
1. Search Bar	A field where the user is allowed to search for a specific Item in the record.
2. Export	Allows the user to export the record depending on the filters applied.
3. Item Code	Unique Reference Code for an Item.
4. Item Name	Name of an Item corresponding to its Item Code
5. Description	Refers to any description or remarks regarding the Item.
6. Stock	Number of Remaining Stocks of an Item to all Warehouse
7. UOM	Unit of Measure of an Item.
8. Average Cost	The overall average cost of an item based on the Transactions made.
9. Total	Total Cost of an item based on its Average Cost and Number of Cost.

Exporting Average Cost

1. Under the Main Menu, Click Reports
2. Under Reports Menu, Click Average Cost under Purchase Reports.
3. Under Average Cost, click the Export Button on the right side. The user may use the search bar for precise searching and exportation of records.

Average Cost Breakdown

Average Cost Breakdown refers to in detail record of transactions related on a specific item.

Average Cost Breakdown terms on Average Cost Menu

Field	Description
1. Item Details	Basic information regarding the Item.
2. Export	Allows the user to export the Average Cost Breakdown Record into Spreadsheet
3. Movement Date	Date when the transaction was created and when the stock in the Warehouse change.
4. Document	Reference Transaction corresponding to its Movement date.
5. Movement Qty	Quantity of items move from/on the Warehouse. Quantities with parenthesis () refers to the quantity that is out in the Warehouse Quantities without parenthesis refers to the quantity that is going in to the Warehouse
6. Stock Qty	Number of items available on Warehouse.
7. Cost	Cost of Items successfully purchased.
8. Average Cost	The overall average cost of an item based on the Transactions made.

Viewing Reference Voucher on Average Cost

1. Under the Main Menu, Click Reports
2. Under Reports Menu, Click Average Cost under Purchase Reports.
3. Under Average Cost, you can check the linked item codes in the Item Code column. Clicking the linked item code will redirect you to detailed average cost breakdown.
4. You can check the details of the voucher by clicking the voucher link on the Document Column.

Exporting Detailed Average Cost

1. Under the Main Menu, Click Reports
2. Under Reports Menu, Click Average Cost under Purchase Reports.
3. Under Average Cost, you can check the linked item codes in the Item Code column. Clicking the linked item code will redirect you to detailed average cost breakdown.
4. Click Export.

Categories:

Modules
Sales	Delivery Receipt
Purchase	Purchase Receipt
Inventory	Inventory Adjustment | Purchase Return | Sales Return
Maintenance	Item Master | Unit of Measure
Reports Module(Reports)
Reports	Purchase Reports
Purchase Reports	Purchase Report | Average Cost