Vendor Cost Reconciliation

Go to the vendors menu

Expand the menu and select Cost Reconciliation

Select the Vendor from the dropdown

Use the received date filter to view received items within a timeframe or starting with the oldest

Select a PO(s) to reconcile

Input the vendor's invoice number and total amount

Compare the invoice total with the PO total to identify any variances

If there is a variance, add shipping fees or adjust individual item costs

Ensure the total matches the invoice amount

Once all variances are resolved, hit the adjust and finalize button

Update costs will be applied to the serial products

If reconciling an invoice for a single item, deselect other items not on the invoice

Adjust the cost for the single item and finalize the reconciliation

Any adjustments made will update the costs for the serial products

Even if items have been sold, the system will adjust the costs accordingly