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Storage Rates

Edited:

Storage Rates are used to capture charges for storing product within a warehouse.  Storage charges are resolved by looking at the metrics of each product and inspecting the Storage Rates created for the Client Partner.

Product Unit Conversions may impact storage metrics.

 

Creating a Storage Rate

Visit the Client Partner and navigate into the Storage tab.

Create a new rate by choosing the Create Rate button.

 

General

Enter the following:

  1. Product Group (optional)
  2. Warehouse (optional)
  3. Particulars (required)

Start by optionally selecting a Product Group.  When a charge is raised for storage, the rate applied will be resolved for product matching this Product Group.

Not selecting a product group means that any product may match this rate.

 

The Warehouse can be set if you want to raise different charges for storage out of different warehouses.  

  When charging for storage, products are assessed on a warehouse-by-warehouse basis, rather than grouped together across all warehouses.

 

The Particulars describes the charge and is what flows through into the charge, transactions, and ultimately the schedule that the Client Partner may receive.

  Learn more about Dynamic Particulars which can help add further detail to transactions generated for Client Partners.

 

Accounting

Next fill out the Accounting Card to set the Tax and optional Revenue Account and Cost Centre assignment.  Learn more about the Accounting Card.

 

Charges

Define the charges that will be calculated for the rate.

Charges are calculated using the following fields:

  1. Daily Count Method
  2. Charge Method
  3. Charge Metric
  4. Metric Rounding
  5. Charge Rate
  6. Separate charges per product

The Daily Count Method determines how product is counted in the Warehouse.  Learn more about Count Methods.

The Charge Method determines how the metrics are resolved based on the daily counts.  Options available are:

  • Average for Period
    • This will take all the daily counts for the period and average them across the period
  • Maximum for Period
    • This will take the maximum daily count for the period
  • Maximum per Day
    • This will take the maximum daily count per day and sum the values together

The Charge Metrics determines the metric that will be used when working out the Daily Count.  Product Unit Conversions may impact the calculation of the Charge Metric.

The Metric Rounding determines whether the calculated value is used, or whether that value is rounded up to the nearest whole number.

The Charge Rate determines the charge applied per Charge Metric calculated.

If Separate charges per product is checked, Consignly will look at each unique product in the warehouse and complete a storage charge calculation for it.  This may result in many charges being raised for a Client Partner.