The option Update Stock to Nominal must be selected in the System Stock Options. Security profile options for the control of this functionality will then be available.

You must use Weighted Average, Latest, FIFO or Fixed Weighted as your Profit Cost method; this selection is made in System Stock Options.

The option Update Stock to Nominal is found on the Transactions tab card.

If selected:

This security profile option can be disabled to stop users from changing the profit cost.

It is found in Orders and Credit Notes.

This is a processing option for SOP and POP. It is found in Orders and Credit Notes.

Selecting this option as a default will allow Users with this profile to create batched SOP and POP transactions without the selection of a Stock Analysis code.

The transactions will not be processed from the batch until the Stock Analysis is entered.

To ensure that the Stock Analysis is not left empty, leave the default unticked and disable the option.

This is a processing option for Stock Movements and is found in Movements, Stock take and Assemblies - Movements.

Selecting this option as a default will allow Users with this profile to create Stock Movements without Updating the Nominal.

To ensure Users always use the Update Stock to Nominal function, leave the default unticked and disable the option.

The Do not update Nominal option does not affect outwards movements. Where a Landed Cost Adjustment is making a correction to an overstatement of the Landed Costs, you will have to manually enter an adjustment to the Nominal Ledger.

This feature is fully multi currency and default Nominal Ledger accounts for Stock updates can be found on the Currency records.

Trading Currencies – Currency Defaults

Clicking the Currency Defaults on the Trading Currencies window displays a window showing the default Stock, Sales and Purchase Analysis Codes and Nominal Accounts for the currently selected currency.

Where a Currency other than Home has been used, and there has been a price and/or Exchange rate change, then the whole currency difference is posted as the currency equivalent. See Using Update Stock to Nominal for an example

The analysis records for the Purchase Ledger, that are used when purchasing Stock, should be changed to Debit the Goods Received Not Invoiced (GRNI) account in the Balance Sheet rather than the Purchasing accounts in the Profit and Loss Account.

For example:

Purchase analysis record - WOOD-SHOP-STCK-PURCHGBP Purchases

Change from Dr WOOD-SHOP-STCK-PURCHGBP Default Purchases

to Dr COMP-COMP-STCK-8200GBP Goods Received Not Invoiced

On the Stock Record there is an Analysis tab card on which analysis codes for POP transactions, SOP transactions and Stock Movements are stored.

If left empty, the default Analysis codes from the System Stock Options will be used (see top of topic). This is the simplest setting i.e. all Stock types update the Nominal in the same way.

All Stock records can be given specific Stock Analysis codes so that each has its own Nominal Update rules.

For Sub Analysis type stock items, additional codes can be entered on the Sub Analysis record Analysis tab card. The default Analysis Codes from the Sub Analysis record will take precedence over the Stock record default analysis codes.

The Stock type Analysis codes follow the same order of precedence for SOP, POP and Stock Movements. This order is Sub Analysis, Stock Record, Stock Options in System Control.