Here is a quick video on using the correct journal for Returned Goods.
Within the software, we can have the inventory system update the cost of the inventory on a regular basis. There is two main options to achieve this, which includes: Periodic – typically done during month end Perpetual – done in real time Note: Once you set this to perpetual, your inventory in your accounting report … Read more
In this section, I’m going to show you how you can automate your Goods Receipt / Issue / Transfer using the Stock Journals feature. If you want to know more about creating Sequence Number, click here learn more.
In case you didn’t read the unit on Line Analysis earlier, you can do so now by clicking this – read here. As for Inventory, there are more than one line analysis tool. You can find them at Hope this will be useful.
There are a few inventory reports. However, the quickest way is to start with the Stock Summary Report. In order to get there, go to Inventory > Reports > Stock Summary Once you are there, pick the relevant filters and click “Run Report”. The report consist of Opening balance Incoming (for the period selected) Outgoing … Read more