Don't make delivery time a necessary for entering invoices- optional only.
Thanks for the feedback, we appreciate it.
The reason delivery time is mandatory is because it is required to automatically calculate Cost of Goods Sold correctly.
If users only put the date, but not the time, the no system will not be able to tell the period that the deliveries should be assigned to. The question is, did the user receive the physical delivery before inventory or after inventory?
Depending on the answer (which is answered with the time), the COGS will be different.
Remember, the formula for COGS is: Beginning Inventory – Ending Inventory + Purchases. So we need to make sure Purchases are added for the right time period!
COGS is important because you need it to view your Beverage Cost, which you can get in seconds on Partender. Beverage Cost tells you the gross profit of you beverage program.
So we need the deliver time to make sure you’re getting the correct Beverage Cost!
With all this being said, we do have exciting updates to ordering planned for the future, which will help streamline & automate the process even more. Stay tuned!
The delivery time is necessary and relevant in relation to the time of your inventory snapshot.
If you receive orders the same days that you generate inventory reports, the system needs to know if the delivery came in *before* or *after* your inventory snapshot. The system needs to know this information in order to calculate your usage/COGS/Beverage cost correctly.
Barbara Dupree commented
This is so necessary!!