Financial oversight made clear: Your ultimate purchase cost software
Acquire deeper, better, accurate insights into your profit margins and overall cash flows with product costs estimated and billed precisely. Leverage our pioneering purchase cost software to maintain your finances and establish remarkable stability.
Average landed purchase costs visibility in one dashboard
Your real inventory costs always transcend supplier pricing. That’s why we bring to you a meticulously engineered purchase cost software where every expense is captured and reflected with an accuracy and precision like never before. PlanIT aligns the purchase costs directly with your goods, thereby offering you a crystal clear, reliable view of what your stocks truly cost. The result? Smarter purchasing decisions, improved financial accuracy, and reassurance that your inventory will always be valued correctly on the balance sheet.
Capture every cost that counts
Additional expenses like handling fees, freight charges, labor costs, and duties often incur overhead with stock purchases that can cause budget overruns if not forecasted accurately. That’s why PlanIT gives you an upper hand, allowing you to include these in PO as they arise, and not just at the time of raising the request. Now make modifications even after receiving or selling the goods, thereby aligning financial records across your business operations.
Inventory valuation to be trusted
With our brilliant purchase cost software, you can rest assured that the landing expenses will be updated automatically with every PO, giving you a precise and consistent view of your inventory value. By factoring in all the purchase costs continuously, PlanIT delivers end-to-end transparency into stock valuation like never before.
Because margins count: Precision purchase cost software
Let precise and accurate financial margins guide your business decisions with PlanIT.
Smart sell pricing
Maintain a confident approach in deciding sell prices with our purchase cost software, knowing that the profit margins will never be compromised further.
See every cost at a glance
Capitalize on our Margin Enquiry feature to acquire remarkable visibility into your stock costs. Evaluate and acknowledge product profitability with consolidated reports on accurate purchase expenses and margins.
Purchase costs now synced with your accounting
We bring to your PlanIT— an immaculately designed purchase cost software that will send all the expenses directly to your integrated accounting software. Reconciliation is now made easier, saving you from the fuss of manual counts while maintaining optimal efficacy.
Smart cost distribution with minimal effort
Whether it’s a single item or bulk stocks, purchase costs will be distributed automatically by default. PlanIT also allows you to manually add the expense modifications to one or more items, ensuring the right numbers can be aligned with the right product.
Fuss-free return goods & recoup purchase costs
With PlanIT, managing supplier return is now easier than ever. Whether you want a refund for the initial purchase costs or write off the expense at the time of return, we have got your back.
Purchase order software FAQs Questions
Can I include any additional costs in my purchase orders?
You can add any costs to any purchase orders and PlanIT will spread these costs across the cost of your products. This can be done automatically or you can manually override each one of the costs. For example, freight and customs, handling fees or an invoice from a freight company. In summary, you can add any cost that is not already part of the purchase price of a product.
How is a Purchase Order (PO) created?
Purchase orders can be created from the supplier’s screen or quick links. You can also create a purchase order via a report showing you the products and amounts you need in the business, or via a sales order for fulfilment. When a product is selected, PlanIT can use the supplier’s product code and description.
How can additional costs be added after completing a purchase order?
To ensure that your products cost is accurate, this is best achieved by making the necessary adjustment using your accounting provider’s system (e.g. Xero or Quickbooks). In doing so, you must also do a manual value-only adjustment against the product(s) to ensure your product cost is accurate.
Can completed transactions be amended?
No, and that is because PlanIT acts to safeguard and preserve the integrity of the data that has already been passed on to our integration partners. This ensures maximum auditability. Opposite transactions can be conducted to amend any transaction.
Does PlanIT support supplier quantity price breaks?
Quantity price breaks are not currently available but this functionality is on our road map.