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Color Code: Yellow
Assigned To: Brandon Moore
Created By: Brandon Moore
Created Date/Time: 3/29/2023 3:15 pm
 
Action Status: Blank (new)
Show On The Web: Yes - (public)
Priority: 0
 
Time Id: 10011
Template/Type: Brandon Time
Title/Caption: Adilas Time
Start Date/Time: 4/24/2023 9:00 am
End Date/Time: 4/24/2023 10:00 am
Main Status: Active

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Notes:

Spent the morning with Steve brainstorming on SG&A costs (sales, general and administrative costs - ways of accounting for expenses as inventory). We decided to start with hidden line items on the invoice level. Playing with the law of deferring to other pieces that have more information. We do that all the time.

Here are some of our notes:

Meeting with Steve

- Mike said that we need to break things down into the smallest pieces (units of 1)

- Steve and I were talking about 5 decimals of accuracy.

- We will need some rounding error buckets.

- Like an item on a shelf, it will collect dust. We just track that dust.

- Vendors, Part Categories, Parent Line Items, Sub Inventory Items, and SG&A costs over time

- Deferring and going back up the chain

- If we go with hidden line items on an invoice. That could get heavy over time.

- We could also just use a whole other table that just references the invoice number. It’s tied to the invoice but not physically hanging on that invoice. Just a sub table that could be traced back to the invoice but doesn’t hurt any other pieces of the existing invoice.

- Folding it in (meaning the costs), and to what level

- Steve and I were talking about some of the math… sales, costs, expenses, etc.

- Steve already has an SG&A homepage. He/we could add some other settings.

- Here is Mike’s formula – monthly sales? Total SG&A? What is still in inventory?

- Steve is thinking about adding in some new settings – maybe total monthly sales, estimated SG&A per month, how many days are you open per month, what is the parent item that we will be adding as a hidden line item? On/off switch for SG&A costs with hidden lines.

- Figure out the fraction or percentage of the total. Use that number.

- There are a number of variables. Eventually, we could pull in that data, but for now, we may want to set some simple fields and fake it a bit.

- We need to build it out and automate it. Add the hidden line item to all invoices behind the scenes. We can’t add SG&A to transfer invoices.

- On adding in subs… we may need some logic to help us roll over between packages.