A company can have its business in many locations. Each location may be for different purposes or same but if a business want to spread its working with a new location, then here is the following information to be considered.
Details of a Location
1. Basic Info
A location basically contains
1. Location Code: Location code is for representation purpose and it can be given as starting letters of location name.
Ex: Hyd (Hyderabad)
2. SO: Sorting order of a location is an order based on which it can be displayed.
3. Short Name: Short name can be easy name of location for easy identification of location.
4. Location Type: The location type is based on working of the organisation in that location i.e., distribution, manufacturing unit, quarry, factory, showroom, fabrication shop etc,.
5. Zone: The zone of location can be south or north or east or west.
6. Route: The route location may be the location through which the location can be reached.
2. Contact Information
The contact information include
1) Primary phone and secondary phone are main official numbers to contact.
2) Mobile number details for calling.
3) Fax number to send some documents.
4) Email address for mailing and
5) Website information to know about the company.
1) Primary phone and secondary phone are main official numbers to contact.
2) Mobile number details for calling.
3) Fax number to send some documents.
4) Email address for mailing and
5) Website information to know about the company.
3. Billing Address and Shipping Address
Billing address is to make payments and receipts generally for accounts related activities.
Shipping address is for storing goods as warehouse for business.
Generally address formats differ from each of the country.
Transaction Defaults
Default Sales Person: The person who is taking care of sales in this location.
Default Price Level: The default price level to be followed for stock at the branch.
Default Payment Terms: Conditions of payment agreed between the buyer and seller for goods sold or services rendered.
Default Sales Tax: Sales tax is indirect tax and is charged at the point of purchase or exchange of certain taxable goods.
Types
Default Generic Customer: Default generic customer is the customer for that location that may be supplier or manufacturer or distributor based on location type.
Default Currency: The default currency information used for transactions.
Additional Information
Whether this location is a profit center or warehouse location pr factory is to be noted.
Average Unit Freight: The freight rate is the price at which certain cargo is delivered from one point to another. The freight depends on the form of cargo, weight of cargo, distance to be transferred and mode of transport.
Average Unit Overhead cost Markup %: The average profit % to be added for each unit after all overhead cost.
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