A “Core Charge” is similar to the deposit you might pay for a can or bottle of soda. In many states, to promote recycling, you are charged a deposit when you purchase a can of soda and you receive your deposit back when you return the empty can. Many automotive parts have a Core Charge, or Core Price, that works the same way as a soda can deposit.
Managing Inventory Core Charges
The components of the part that are non-refundable are the part cost and price.
The component of the part that is refundable is the core charge.
To set up a part with a core charge:
- Open the part details screen;
- Open the Pricing Tab;
- The main pricing information is the non-refundable components of the part (in our example, the propane INSIDE the tank (the tank is the core);
- At the Far right of the pricing tab, complete the core charge information:
- Cost = what the Vendor charges AND refunds you for the core component of the part (remember if there is part that is non-refundable, this should be added to the Cost of the main Part);
- Core Deposit = what you will charge your customer (the deposit) for the core - this is the refundable portion;
- Average Cost = the Accounting value of that part - the system will manage Average Cost for you;
- Once you have activated the Core charges, the system will begin to track your inventory. It may be necessary to adjust your core (following the normal parts adjustment process):
To adjust Core quantity:
- From the Main Screen of the Part Details window, select the Adjustment tab from the lower right, then insert a row;
- Update the Core quantities in the Part Inventory Adjustment window;
- Click OK to close the window;
- When you have returned to the Part Details Screen, "Save" your entries: