Inventory
9.0. Item Categories
What Are Categories For? Categories are for grouping of your stock items for reporting purpose. Following is an example how you can make use of it. How Do You Setup Uncontrolled Categories? STEPS: Click SETUP activity Click ITEM DETAILS Click ITEM ...
8.0. Stock Report / Financial Report
Stock Report STEPS: Click REPORT activity Click INVENTORY Click STOCK module Click REFRESH The report shows the latest stock status of all stock items. Note that you may enter at Filter to search for specific Lot No., Warehouse or Location. Stock ...
7.0. Stock Adjustment
What Are Types Of Adjustment? STEPS: Click SETUP activity Click ITEM DETAILS Click ADJUSTMENT TYPE module Click NEW TYPE select on the top left side of the module NEW This is meant for you add new item in to the stock list. ADJUSTMENT This is meant ...
6.0. How Can I Check Stock Status While Invoicing?
How Can I Check Stock Status While Invoicing? STEPS: Click SALES activity Click INVOICE module Click NEW CUSTOMER select EveryDay Customer Pte Ltd Detail: ITEM select Canon Laser Printer Click [S] Stock Search QUANTITY You will be able to view the ...
5.0. Impact Of Deliveries On Stock
Issuing A Delivery Order STEPS: Click SALES activity Click DELIVERY ORDER module Click NEW CUSTOMER select EveryDay Customer Pte Ltd Details: ITEM select HP Printer QTY enter 8 UNIT PRICE enter 300 ITEM select Dell Desktop QTY enter 2 UNIT PRICE ...
4.0. Managing Unbilled Inventory
Issuing Receive Order & Supplier’s Invoice With Different Costing For the same Stock Items and quantities, Unbilled Inventory is a result of the difference in total value purchased, that you have earlier entered; in Receive Order compared to value of ...
12.0. Understanding Lot Number
What Is The Use Of Lot Number? Lot Number is a ‘Tag’ assigned to a stock item. It can be understood as a batch number assigned to your purchase as it will separate the costing from those without Lot Number. Location Purchase> Supplier Invoice Action ...
3.0. Understanding Stock Item Costing
How Is Stock Item Costing Calculated? The system uses Weighted Average Cost as the method of calculating Ending Inventory cost. It takes Cost of Goods (Stock Items) available for Sales and divides it by the total quantities of the goods. This gives a ...
2.0. Item Group, Items, Warehouse And Location Code
What Is Item Group? Item Group - Controls which General Ledger Account the double- entries are posted to. Item - Records the description of the Stock item, and set which Item Group it belongs to. Renaming Existing Item Group STEPS: Go to Setup > Item ...
1.0. Overview Periodic Versus Perpetual
Periodic Inventory System Periodic inventory counts (such as once a month, or at the beginning and end of each year), and does not have an accurate record of the inventories in between these points This system does not keep continuous, ...
10.0. Simple BOM
The system does not have a dedicated BOM module. but you can create transactions to achieve a similar concept where you are combining multiple items into a finished product. All items used in the example are inventory type items. Stock adjustment in ...
11.0. Periodic Inventory method
The system uses perpetual inventory method as the default system inventory method. Inventory is calculated when the document is saved. For users that keep track of their stock cost outside of the system can use the periodic inventory method. this ...