Configuring Business Items in Oracle Financials
Business items are goods or services that businesses sell to other companies, or to consumers. Examples include office furniture, computers, software and printers. Businesses also use products like paper, ink, pens and envelopes. In short, business items are the things that keep the economy moving forward. Business personal property insurance, or business contents insurance, covers the items that help you run your company.사업아이템
The term business items is sometimes used to refer to the items that make up the inventory of a company, such as raw materials and finished products. But the term can be expanded to cover all the assets that a business owns, including equipment and machinery, as well as the inventory of services, such as labor and materials.
Every business item requires an item card, which contains all the information needed to buy, store, sell and deliver it. An item card can be of type Inventory, Service, or Non-Inventory, which defines whether the item is a physical inventory unit, an intangible labor time unit, or a product that doesn’t have a physical unit and is tracked by cost instead of in inventory.
You can configure the item card in several ways to control how it behaves on a sales document. For example, you can select the checkbox for “Relevant for order-related billing.” If this is selected, when you create a customer invoice, the system will determine the quantity to bill from the amount in the sales document. This helps the system avoid having to wait for the vendor to send a vendor invoice before invoicing the customer.
Other configuration options allow you to specify if the business data at item level can deviate from that at header level. For instance, you can set the value field for the payment terms at item level to be different from that for the header. This is useful for items that you want to process with partner functions such as credit management.
You can also indicate whether the item is relevant for delivery-related billing, and which shipping method it should be billed with. You can also define a business data field to pass from the item level to the sales document header totals. This is especially useful for a business item that you want to be included in your sales document header totals, such as a shipping rate. You can define this business data field in table VBKD. If the checkbox for this field is not checked, the fields in the sales document header and item level are always the same. If it is checked, you can select the shipping rate to be passed from the item.솔솥