Category: Inventory V2

You can retrieve the receipt order in 2 ways:

→ From the purchase order

On the top right of your confirmed purchase order, you will see a button with the related Receipt:

 

 

Click on it to see the Transfer order.

→ From the Inventory Dashboard

When opening the Inventory module, click on # to receive to see the list of your deliveries to process.

In the list, click on the one related to the purchase order:

To process the stock transfer. Simply click on Validate to complete the transfer. A message will appear asking if you want to process the whole order, accept it by clicking on Apply.

In case you receive a part of your PO, just click Edit or pen icon

 

Create accounts to record initial inventory balance: Go to Inventory module -> Choose Configuration-> Locations-> Virtual locations/ Inventory adjustment -> Fill Opening Balance account in Accounting information field-> Save

Update cost of goods sold: You can update the cost of goods sold of a product manually in product form or you can use the import function for mass data. Go to Inventory module-> Inventory control -> Products

Or choose the import button to update Cost of many products.

Record opening balance for inventory: There are two methods of create initial quantity for inventory 

Method 1: Update inventory quantity on hand manually 

Go to Inventory module-> Inventory control-> Inventory adjustments-> Create-> Choose and fill information for reference fields including Inventoried location, accounting date, etc,..-> Start inventory 

Update actual quantity of products in real quantity field -> Validate inventory-> Save

Method 2: Update real quantity via importation 

Go to Inventory module -> Inventory control-> Inventory adjustments-> Import-> Validate 

Revise the Stock Valuation Account: After you have finished entering the opening balance for the products. On the toolbar, select Configuration-> Locations-> Virtual location/ Inventory adjustment. Change Stock valuation account (Incoming) and Stock valuation account (outgoing) suitable to your company’s accounting method.

(Example)