Kits

A kit is a type of item that enables a combination of items to be ordered and invoiced as a single item. In Sage Intacct you can create standard kits, which are not inventoried, and stockable kits, which are inventoried.

About kits

Depending on your organization's configuration, you can create standard kits and stockable kits.

• Standard kits: A standard kit is a convenience for order entry when a common combination of items is frequently ordered together. When users create the order entry transaction, they only need to enter one line item for the kit. There's no need to enter line items for each component item in the kit.

  A standard kit can contain a mixture of inventory items, non-inventory items, standard kits, and stockable kits. As a non-inventoried item, an on-hand quantity is not maintained. However, when a standard kit is sold, the on-hand quantity of the inventory items in the kit is decreased.

  When you create a standard kit, you can select to post the revenue for the kit to the individual component items, where you specify the percentages to apply to each component, or post all the revenue to the kit.

  Kits used in the Contracts application have different configuration requirements. See Add kit items for product bundles.

• Stockable kits: A stockable kit is similar to a standard kit. However, the component items in a stockable kit are assembled together to make it an inventoried item.

  A stockable kit can contain a mixture of inventory item, non-inventory items, and other stockable kits. As an inventoried item, a stockable kit can be tracked and include component items that are tracked.

  Before a stockable kit can be sold, you need to use the functions within Intacct to build the kit. When a stockable kit is built, the on-hand quantity of the individual component items in the kit is decreased and the on-hand quantity of the stockable kit is increased. When a kit is sold, the on-hand quantity of the stockable kit is decreased and the revenue is posted to the kit.

You can use revenue management to defer kit revenue or use kits in multiple-element arrangements (MEAs).

Create a standard kit

If you are using kits in the Contracts application, see Add kit items for product bundles.

1. Go to Order Entry, Purchasing, or Inventory Control > All, and select Add (circle) beside Items.
2. From the Item type dropdown, select Kit.
3. Enter an Item ID and Name.
4. Complete any of the optional information for the kit.
5. In the Kits components section:
   • Select whether you want revenue posted to the GL accounts associated with the items in the kit (Component level) or to the GL account associated with the kit (Kit level).
   • Select whether you want the components to print as individual items on the sales transaction or only want the kit to be listed.
   • Enter each component item that you want included in the kit and the number of units of the item needed in the kit. If you selected Component level for revenue posting, also specify what percentage of the revenue is applied to each component.

6. Select Save.

Create a stockable kit

1. Go to Order Entry, Purchasing, or Inventory Control > All, and select Add (circle) beside Items.
2. From the Item type dropdown, select Stockable Kit.
3. Enter an Item ID and Name.
4. Complete any of the optional information for the kit. Stockable kits always use the FIFO cost method.
   Details for tracked stockable kits

   1. Select the Advanced tab.
   2. Select the tracking information that you want for the kit.
   3. Select the General tab.

5. In the Kits components section, select each component item that you want to include in the kit and the number of units of that item needed in the kit.

   Best practice: While non-inventory items can be included in a stockable kit, no costing is included in the inventory valuation for the non-inventory items when the kit is built.

   To capture any labor or material costs associated with building a kit and to ensure they flow to the COGS valuation, you can increase the value of the stockable kit with an inventory value adjustment transaction. After the kit is built, create an inventory value adjustment transaction and link it to the inventory transaction that Sage Intacct automatically generated when building the kit.

6. Select Save.

Edit a kit

You can edit a standard kit or a stockable kit. If you want to replace a kit item, perhaps an item is no longer available, you can change all kits using the item. See Component Item Usage Report.

1. Go to Order Entry, Purchasing, or Inventory Control > All, and select Items.
2. Find the kit you want to edit.

3. Select Edit at the end of the row.

4. Save your changes.

1. Go to Order Entry, Purchasing, or Inventory Control > All, and select Items.
2. Select Edit next to the kit you want to change.
3. Save your changes.

Delete a kit

You can delete a standard or stockable kit if it has not been used in any transactions. Because Sage Intacct uses a transaction to build a stockable kit, you cannot delete a stockable kit after it's been built.

Alternatively, you can edit a standard or stockable kit make it inactive. While the kit is not removed from the system and remains available for historical purposes, deactivation prevents the kit from appearing in any selection lists.

1. Go to Order Entry, Purchasing, or Inventory Control > All, and select Items.
2. Find the kit that you want to delete

3. Select More actions > Delete at the end of the row.

4. Select Delete to confirm the deletion.

1. Go to Order Entry, Purchasing, or Inventory Control > All, and select Items.
2. Select the checkbox at the end of the row for the kit that you want to delete, then select Delete.