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In the past, we have seen many companies dissolve and the courts always upheld the ownership of the stock if the reserves were known to the warehouse and identified in this manner, so it is a safeguard for the owner of the stock if it is identified at the warehouse.
How do you set this up?
Before opening the reserve customers through the navigation you need to switch it on at the customer level.
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It should be noted that if you select this option for a Customer, there is no way to deselect de-select it, once a customer has reserves you can not undo it at any point in the future.
To set up Reserve Customers for a Customer, go Go to the Navigation panel and click āCustomer Reservesā under Customers. In the filter options fill any field, Customer Code, Name, or Site Code. The result grid shows matching customers. Double-click the one to open the 'Reserve Customers' window. If there is only a single entry as result, it will open the window directly.
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The following fields are mandatory - Reserve Code and Surname., First Name, Surname, In Use. If data was imported from an earlier version then only the surname field may be completed, if you update then you will have to complete this correctly based on the mandatory fields |
VAT Number
This field should be completed where you transfer goods into a company account where that company has a VAT number.
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By default we add the account holder as a potential reserve customer, this can be used when you simply do not know who the owner is, and is used by the account holder sometimes to then allow the distribution of the stocks to the reserve customers.
e.g. From the above image, JOE is the account holder but we have a JOE reserve customer underneath the main account code as well.
How to use this
When goods are landed into a customer account which has the āUse Reservesā option switched on then you will be forced to enter a reserve code into the field which is then held at the rotation level for the duration of the storage.
If the customer sells some of his stock to another reserve customer the transaction can be a simple Transfer TRANSFER order to move the stock around.
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