Using RAVE FMS's Product Inventory to create a Detailed Invoiceable via the Progress Payment Page

RAVE's product inventory library allows you to store the items you purchase with their code, description, Unit of Measurement, the Cost Price to you excluding GST, Markup %, and Account Code, as well as noting if it is a GST or NO GST item.

In the example below we have:

• Line item one with a cost price of $55 excluding GST with no markup. Once we convert this to an invoiceable, we will see the sell price a sell price of $126.50 which is your cost price including GST with NO markup (no profit).
• Line item two has a cost of $130.50 excluding GST with no markup. Once we convert this to an invoiceable we should see a sell price of $150.07 which is your cost price including GST with NO markup (no profit).

When you want to create a variation or an invoiceable via RAVE's Progress Payment sub-tab, you can select your inventory item by typing in the code, part of the description, or a keyword to search.  Once you have selected the item, RAVE's FMS will add your MARK UP (% or total $) and GST (if any) to the item/s automatically.  The below screenshot shows the items converted to a client invoice with the correct markup (if applicable) and GST added.