Sales Part—Basic Data and Requirements Exercises

IMPORTANT
If you are a student, it is extremely important that you set up and work within your own site to maintain your data integrity. If you work within any other site, you will compromise your own exercise data as well as the data of other students. Predictable exercise results require that your data be isolated in your own site.

Main Exercise

Sales Part

Purpose: The purpose of this lesson is to familiarize you with the basic functionality of creating stored sales parts.

Windows:
Sales Part
Inventory Part
Inventory Locations
Receive Inventory Parts

IFS Racing sells three types of cars: Street Car, Race Car, and Ferrari Car. In this exercise, you will create these three sales parts.

Note: If you have set up inventory parts earlier in the course, you can connect them to your sales parts. Else, upon saving your sales part, you will receive a question whether you want to create an inventory part as purchased; answer yes.

  1. Enter XX18-300 in the Sales Part Number field and enter the description, Street Car.
  2. View the information in the Inventory Part area.
  3. In the Unit of Measure area, enter PCS in the Inventory U/M and Sales U/M fields either manually or by using the List of Values.
  4. In the Sourcing area, select Inventory Order in the Sourcing Option field.
  5. In the Grouping area, enter 40 in the Sales Price Group and 10 in the Sales Group fields, either manually or by using the List of Values.
  6. If the company tax regime is VAT, and if the tax calculation basis is the price including tax, select the Use Price Incl Tax check box.
  7. Enter a price. If the company tax regime is VAT, it is possible to enter a price including tax provided that the Use Price Incl Tax check box is selected. If the company is using VAT taxes, enter a VAT tax code or a tax class.

Note: The Taxable check box is automatically selected when using a company with U.S. sales tax. Clear this check box if the part is not taxable.

  1. Select New (F5).
  2. Now enter XX18-100 as a sales part number and the description Race Car.
  3. Repeat steps 2-7 above.
  4. Select New (F5).
  5. Now enter XX18-200 as a sales part number and the description, Ferrari Car.
  6. Repeat steps 2-7 above.
  7. Select one of the new parts and click the Language Description tab.
  8. Select New (F5).
  9. Select a language, using the List of Values.
  10. Enter a description of the part, using the selected language.
  11. Select Save (F12).

Note: The teacher will now show you how to create an inventory location and how to receive the parts into inventory.

  1. In the Inventory Part window, enter appropriate cost for all of the parts entered above.
  2. Create relevant inventory locations.
  3. Open the Receive Inventory Parts window. Receive manually into inventory a quantity of 1000 of each part you just created.

General exercise for Enter Inventory Part
General exercise for Inventory Locations
General exercise for Direct Receipt