Relief-Percent Method

With the Relief-Percent Method, an estimated cost for an item posts to the general ledger when it is sold. TireMaster calculates the estimated cost using the following formula: Estimated Cost = Parts Price x Relief Percent. The Relief-Percent Method is often used to handle the cost of small parts that you usually keep in stock but for which you don’t need to track quantities.

To set up a relief-percent item

1. Add the item to the inventory. For more information, see Adding Items to the Inventory.

2. On the Inventory Maintenance screen, do the following:

Type the letter N in the Inventory (Y/N) field.
Make sure that the Force Option Cost check box is clear.

3. On the Site Prices and Quantity screen, type the percentage of the parts price that you want to use as the item’s cost in the Relief % field.

Note: This value needs to be as a whole number (for example, 80.00).