APP stands for 'average purchase price'. See also Stock valuation.
If you are using the 'Average purchase price' stock valuation method for a part, the stock valuation price is adjusted whenever the average purchase price is calculated. The new average purchase price will then become the new stock valuation price. When using the APP method, this stock valuation price is therefore not a fixed price as is the case when the 'Fixed valuation price' (FVP) stock valuation method is used.
Consolidation is the process of combining the results of the parent company and its subsidiaries, and is required for companies that have a major interest in other companies. A consolidated statement shows the collective and individual assets and liabilities of all companies in the group. When combining the financial data of the group companies, any intercompany transactions should be left out of consideration, and particular attention should be paid to any differences in the currencies and charts of accounts used.
Financial movements can be organized in cost categories, such as hours and materials. For each cost category, you can register both costs and revenues and compare them against each other.
Cost centers provide an insight into the distribution of the costs in your company. You could, for instance, record the costs incurred by a department or site in each fiscal year.
In Isah Finance, a database is a company, business unit or other organization for which you want to record and report on financial data.
The due date of a payment is calculated in Isah Finance by adding the payment period of the payment to the invoice date. If the payment period is 30 days, 30 days are added to the payment date to calculate the latest payment date.
FVP stands for 'fixed valuation price'. See also Stock valuation.
To use the 'Fixed valuation price' stock valuation method for a part, use the FVP/APP field on the Financial tab of the Parts form in the Parts module to specify the fixed price at which the stock of the part must be valued.
The FVP is used when posting stock additions or deductions as a result of:
Note: If Isah is linked to a financial application, a journal entry is created in the following situations:
Intra-community acquisition: import from an EU member state.
Intra-community delivery: export to an EU member state.
The journal lists all financial movements.
Ledger accounts allow you to organize financial movements.
The ledger card shows all movements on a ledger account.