This option allows an anniversary date to be assigned to lot based items.

 

•This feature is typically used by distributors that have product stored in a public storage warehouse. The anniversary date is when charges will be incurred for the remaining product in storage.

•The anniversary days and anniversary amount is typically assigned along with the lot information when the product is initially received into inventory.

•The Daily Lot Increase utility displays which lots are coming due for storage charges and automatically increase the cost of those lot items to show a true gross profit.