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 unit of sale. For the purposes of this article, we will take it that you sell in litres.

• 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 to change the quantities and values into those in which you sell the oil.

• Amend the "Quantity" to the quantity of litres in the number of barrels that you have ordered.
• Amend the "Unit Cost" to the unit cost per litre.
• 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.

See also

• Creating a purchase order
• Processing a Purchase Order
• Creating a stock item

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Keywords AND Misspellings

bulk oil, oil, order, units, litres, gallons

Tags

SO03, ST01, ST17 ST94