How do I Deal with Bulk Oil?

Summary

This article explains how to book Bulk Oil into stock to allow you to sell it in sensible quantities.

More Information

When creating a stock record for Bulk Oil the Retail Price should be the nett price per litre (or unit you will be selling in).

• Set your reorder level at a suitable point to ensure you order a new barrel when the level in the current barrel is getting low.

Ordering

Create a Purchase Order for Bulk Oil

• The "Quantity" should be the number of barrels you are ordering.
• The "Unit Cost" should be the unit cost per barrel.

Receiving

When the order arrives you will need to amend the Purchase Order.

• Amend the "Quantity" to the quantity of litres in the barrel/s i.e. the units you intend to sell it in.
• Amend the "Unit Cost" to the unit cost per litre (or units you are selling in).
• Receive the oil into stock.

Selling

When you sell bulk oil, either over the counter or by booking it to a jobcard, enter the quantity of litres (or unit of choice).

See also

• Creating a Purchase Order
• Processing a Purchase Order
• Creating a Stock Item

Tags

SO03, ST17 ST94, ST01