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Three Everyday Accounting Tips

Published on

17 Oct 2024

3 Accounting Tips for Everyday

Work smarter, not harder. Use these three tips to streamline your accounting practices with your Agvance software!

Directing Product Requests

Expertly manage your product requests across locations. From requesting inventory from a centralized warehouse to procuring when needed, allow your Agvance software to work as your right-hand man. Take advantage of the ability to select and edit line items or change the status of your product requests. Keep track of these changes, as they are logged into the ProductRequestAuditLog table in the Agvance database. Learn more about how to best direct Product Requests on the Agvance Help Center.

Mastering Profit Margins

Overseeing profit margins for products, and troubleshooting arising issues along the way happens nearly every day. Use the Product Cost Audit report to stay on top of product cost swings. Sorting by product will give a total of cost changes to manage reasonability. Additionally, for non-inventoried products such as parts, deploy and utilize Profit Margin Departments. This tool uses the Profit Margin % entered on each product to calculate the cost for invoicing rather than the cost on the product. This allows you to establish your desired sales margin. The Agvance Help Center is home to more information on Year End Reconciliation and Summarized vs. Transactional postings when using Profit Margin Departments, check it out here!

Conducting Partial Vendor Prepay

Handling partial vendor prepay is done in a variety of situations. When utilizing the Purchase Add-On Charge method, this is often handled as prepaying a percentage down, or prepaying price per unit down. This method is designed for situations when you do not intend to pay the remainder of contracts until receiving shipments. Discover all the ways to use Partial Vendor Prepay, the Purchase Add-On Charge method, and prepaying vendors a rate of percent here.


Integrating and maximizing your Agvance software practices connects pieces of the software and allows them to all work harder for you!

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