Business NXT documentation

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Logistics
Business NXT is specially developed for companies with high demands on inventory and logistics management. The broad and advanced functionality facilitates the work of optimising logistics flows.
Order processes
Stock adjustment process
The stock adjustment process is used to correct the inventory internally.
Stock correction
You can perform corrections of the stock, using a dedicated correction order.

Logistics
Business NXT is specially developed for companies with high demands on inventory and logistics management. The broad and advanced functionality facilitates the work of optimising logistics flows.
- Base data
  The tables in this section include base data that applies to products.
- Products
  Product information in Business NXT is divided into a number of tables.
- Warehouse
  This section deals with the various tables, layouts and processes that affect the warehouse.
- Purchase estimates
  The purchase estimate process is described in the Order processes section.
- Order processes
  - Sales order process
  - Purchase estimate process
    Purchase estimates can be generated from the Stock balance table with different ordering methods depending on product sales pattern. The purchase estimates are generated by printing the Purchase estimate report.
  - Purchase order process
  - Order match
    In Business NXT you can use the order match function to update purchase orders with incoming invoices from AutoInvoice. This ensures that the values in logistics and accounting are updated at the same time and with correct value.
  - Production order process
    A production order is an internal order that will produce a stock keeping product based on a structure of components, raw materials.
  - Allocated order process
    You can generate purchase orders and production orders on the basis of sales orders. You have access to the processing both from the sales order and from the sales order lines.
  - Stock adjustment process
    The stock adjustment process is used to correct the inventory internally.
    - Stock correction
      You can perform corrections of the stock, using a dedicated correction order.
    - Stock transfer
      You can transfer the stock between different warehouses within your company, using a dedicated stock transfer order.
    - Stock count
      Stock count is used to update the stock balances in relation to the result of the counting, and you can perform it on stock balance level, shipment level and location level.
  - General settings in the print dialog
  - Creating and sending documents
    When you have selected order documents and click Send, you can make settings for the documents in the Create and send documents dialog before sending.
- Orders
  Business NXT provides a variety of functionalities to ensure efficient handling of orders.
- Statistics
  The following tables and processes are related to statistics.

Stock correction

You can perform corrections of the stock, using a dedicated correction order.

This order type has transaction type 4 - Adjustment/internal issue. This is the appropriate approach if you want to override the FIFO (First In, First Out) order and inventory down the quantity in a specific shipment. Another common use for adjustment orders is when you want to adjust the cost price of a product.

Starting the processing

Open the stock correction layout, and select the Correction order tab.
Create a new order and if needed, add Account set (otherwise the Default account set from the Company information table is used).
In the order lines, enter the product, shipment number and (positive) quantity to be delivered out from stock.
In the order lines, enter the product, adjusted (negative) quantity and adjusted cost price to be delivered into stock.
Finish the order/order lines.

If you want to correct the cost price on a specific shipment and keep the shipment number, you need to create and finish line by line, otherwise a new shipment number is generated for the adjusted order line.

Note:

A cost price addition from the original purchase order is not carried over by a stock correction. The adjusted shipment gets the full cost as cost price, with no cost price addition, and the correction does not reverse or repost the cost price addition that was posted at invoice receipt. If the cost price addition was incorrect, also correct the amount on the cost addition account with a manual voucher.