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On the Outlet Variance Report, there are a few Product Numbers that have a ‘#’ (hashtag). What does this mean?

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2 comments

  • Simon Kerr

    Hey Rozz,

     

    Good question, I was asked the same thing by a customer a few months ago and here is what I found:

     

    • The # mark indicates that the purchase price is different than the Inventory cost - this difference affects average costing such that when the purchase price changes, the cost of the inventory will change relative to how many you have on hand at the old value.
    • If you run the Outlet Variance report with Quantity criteria: "Different Onhand Cost with Avg. Price", you'll see that all products it pulls will have price differences, and are thus marked with #

     

    Does that help?

     

    Cheers,

    Simon

    Fourth

     

    0
  • Simon Kerr

    Hey Rozz,

     

    Good question, I was asked the same thing by a customer a few months ago and here is what I found:

     

    • The # mark indicates that the purchase price is different than the Inventory cost - this difference affects average costing such that when the purchase price changes, the cost of the inventory will change relative to how many you have on hand at the old value.
    • If you run the Outlet Variance report with Quantity criteria: "Different Onhand Cost with Avg. Price", you'll see that all products it pulls will have price differences, and are thus marked with #

     

    Does that help?

     

    Cheers,

    Simon

    Fourth

     

    0

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