Warehousing
What Journal would a client use to complete a full Inventory Count?
Physical Inventory Journal?
What Costing Method is DISALLOWED in many countries as it can be used to suppress Profit?
LIFO
Where Does Lucas live?
San Diego
After I ship Inventory for a sales order, What field on the Sales Order Lines is updated?
Qty. Shipped
What can I add under the Vendor card to enter the Vendor item number on a Purchase order and pull in my number item automatically?
Item Reference
What Journal would a client use to move inventory from one bin to another?
Item Reclassification journal
What Costing Method is used for high price commodities that have a lot of price fluctuation?
Average Cost
Where does James live?
South Dakota (Sioux Falls)
With full warehousing turned on, what must we create from a warehouse shipment to move inventory into the shipping bin?
Pick or Warehouse Pick
If I want to send a vendor a document with a proposed price for a purchase and then create a purchase order if that price is agreed upon, what document do I need to make?
Purchase Quote
If you are purchasing Inventory into a full warehousing location, what document must you create to to Receive?
Warehouse Receipt
What field on the Item Card dictates how much I expect to pay for an item on a purchase order?
Unit Cost
Where is the RSM Headquarters Located?
Chicago
On the customer card, what can you create to send a shipment to a different address rather than the main customer Address?
Ship-to Code
What Document to I need to create to send items back to a vendor if they are damaged or incorrect?
Purchase Return Order
If you have a sales order creating demand for an item, but no inventory on hand, what Journal did we use to create a purchase Order Suggestion?
Requisition Journal
What Field on the Item Card dictates how much I expect to sell an item for on a Sales Order?
Unit Price
RSM like to say "The power of being______" (Fill in the Blank)
Understood
What Journal do I use to apply money from a customer that has paid me to an open Posted Sales Invoice?
Cash Receipts Journal
What Journal do I use to apply money that I have given to a vendor to an open posted purchase invoice?
Payment Journal
In Order to receive purchase and production suggestions in BC, what must be set up on the Item Card?
Stock Keeping Units
If I am using Standard Cost and my unit Cost for an item is $1.00 but I receive it in and invoice at a price of $1.50, what account does the difference in cost get posted to?
Purchase Price Variance
What was one of Terri's favorite 3 movies?
Hateful 8, Inglorious Bastards, or Kill Bill 1/2
If I set up a customer to pay me a specific % of the total price on a sales order, what do I need to post before I can release the Sales Order or ship the inventory?
Prepayment Invoice
What can I add to a purchase Order before I invoice to pay for a shipping/freight charge in addition to paying for the Item I received?
Item Charge