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Sell Used Invenotry

  • 11 January 2023
  • 4 replies
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Jeff96
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Hi, 

 

I’m wondering how to manage the stock and sales for used inventory.

Say we sell item A as a brand-new product, but we’ll sometimes get a return where the product isn’t in brand new condition. We now want to sell Item A as a used product for a discounted price. 

We need to have a way to manage the inventory, sales, and cost of this product. It shares the same product ID and barcode as the brand-new product.

 

Creating a new product ID and adjusting the inventory will create an issue since it won’t show the cost of the product.

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Best answer by DavidEichner 11 January 2023, 20:08

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Jeff G.

4 replies

DavidEichner
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Userlevel 7
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Hi Jeff,

You might consider using an Assembly operation to create the used items.  You could setup a kit specification that lists the new item as a component of the used item.  You could also add any labor hours as a non-stock LABOR item if any refurbishing needed.

Best,

David Eichner, CPA

Kensium

David Eichner, CPA - If I helped you, please *Like* my post/reply. If I provided an answer to your question, please mark it as *Best Answer*.
John Masi
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Have you looked at creating a separate Warehouse in Acumatica to hold the used inventory? That way you can maintain the same SKU #, and cost, and the Warehouse where the SKU is housed will be the indicator it is a used item.

-John

John Masi -Kensium Solutions
Jeff96
Rank
Userlevel 6
Badge +4

Have you looked at creating a separate Warehouse in Acumatica to hold the used inventory? That way you can maintain the same SKU #, and cost, and the Warehouse where the SKU is housed will be the indicator it is a used item.

-John

This wouldn’t work as we might want to sell it through our online store and want to show separate stock for it. 

Jeff G.
Jeff96
Rank
Userlevel 6
Badge +4

Hi Jeff,

You might consider using an Assembly operation to create the used items.  You could setup a kit specification that lists the new item as a component of the used item.  You could also add any labor hours as a non-stock LABOR item if any refurbishing needed.

Best,

David Eichner, CPA

Kensium

Love this idea! 

Jeff G.

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