Setting up your company’s Financial Data
Input the financial settings on the inventory control system and customise the information required by your organisation. The settings established here are automatically applied to calculations throughout RightControl inventory management system.
- From the top menu bar on the stock management program select Settings → Options and click the Financial tab.
Tax Code/Percent: The inventory control program comes with three default VAT codes set up in the same style as SAGE.
- Enter additional codes in the top box and add to the sales management system by clicking the + button.
- To remove codes from the invoicing software click to highlight them in the box and click the – button.
- Click on an entry then click the Default button to set as the default. The warehouse and invoice management system will automatically apply this selection to all relevant transactions.
Tip
- When adding additional codes only enter numbers, do not enter a % symbol.
Payments: The system’s default setting provides for COD, Cash, Account (credit), Transfer and Credit Card.
- Payment methods can be added to the stock control software program by typing in the top box and clicking the + button.
- To delete a payment method simply click on the method then click the – button and it will be removed from the stock management system.
- Click on an entry then click the Default button to set as the default. The business management software system will automatically apply this selection to all relevant transactions.
Card Types: If your company or organisation accepts credit card payments, enter the card types into the sales management software.
- Type in the top box and click the + button to add credit card types into the business management software program.
- Remove card types from the invoice management software by selecting the relevant entry and clicking the – button.
- Click on an entry then click the Default button to set as the default. Thel stock management program will automatically apply this selection to all relevant transactions.
Credit Terms: Add the range of terms your company offers into the inventory control program. For example, COD, 7 days, 30 days etc.
- Enter a credit term in the top box and click the + button to add it to the stock control program.
- Select a term by clicking on it and click the – button to remove it from the business management system.
- Click on an entry then click the Default button to set as the default. The Warehouse management software will automatically apply this selection to all relevant transactions.
Currency: You can enter the different currencies your company accepts in to the inventory management software program. For example GBP, Euro, US$ etc.
- Add acceptable currencies to the sales management software system by typing in the top box and clicking the + button.
- Click on an entry and click the – button to remove it from the warehouse management system.
- Click on an entry then click the Default button to set as the default. The business management software system will automatically apply this selection to all relevant transactions.
Default Surcharge %: Use this box to set a surcharge on credit card payments. The sales management software will automatically calculate this surcharge.
- Enter a numerical value in this box and the business management software will automatically add it to credit card payments taken.
- This automatic figure can be manually overwritten on the sales order form of the inventory management software program.
Tip
When setting a surcharge do not use the % sign, only enter numbers in to the sales management software.
Alter Sales Price: You can instantly alter prices across your entire inventory by a percentage.
- To raise all prices enter the numerical value and the stock control software will automatically alter all the prices globally. For example, to raise prices by 1.75% enter 1.75 in the box.
- To lower prices across your entire range enter the negative numerical value and the inventory control software system will automatically alter the prices. For example, to offer an across the board discount of 1.75% enter -1.75 in the box.
Tip
Only use numbers, do not use the % sign when entering values in to the business management program.
Click Apply to save all the data entered in to the inventory control software program.