5 months ago
Inventory Issues
Hi With the current flow of process, I want to know how this case study works lets say we manufacture a product called "X" which we manufacture, count and inventorise as "Count Inventory" and lets ...
Hi Phani,
Thanks for your post, and welcome to the Community Forum! In the scenario you described, let's delve into how inventory and sales orders usually function in AccountRight.
Q1. How does inventory work?
Q2. What's the process in AccountRight for inventory and converting orders to invoices?
For more detailed information, you can visit the help articles provided.
Track Your Stock With Inventory Management Software
Inventory Management: Definition, Formulas And Best ...
A Guide To Inventory Accounting: Benefits, Types & Methods
Feel free to post again, we're happy to help!
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Regards,
Earl
Hi Earl
1. You mentioned below underlined in the answer previously , please confirm me if you it as Order 3?
2. I have a query regarding our current entry of sales orders. We currently enter the order date and promised date as same day for instance if we are currently taking an customer order for 01st of June delivery we are entering the order date and the promised date as 01st of June.
By doing this are we comprimising our current inventory by forward dating and forward invoicing.
3. As we are manufacturing should we use adjust inventory or build inventory to update our stock levels everyday on various skus
Hi Phani,
Regarding your question, the "adjust and build inventory" feature is used to manage and control stock levels. This feature is particularly useful for businesses that deal with physical goods.
The "adjust inventory" function allows you to modify the quantity of stock you have on hand while the "build inventory" function, on the other hand, is used when you assemble items from multiple components to create a new product.
You can click here for more information. With the difference of the function, it will still up to how you want to record it.
Feel free to post again anytime if you require further assistance.
If my response has answered your inquiry, please click "Accept as Solution" to assist other users in finding this information.
Best regards,
Doreen
Hi Doreen
Can you clarify on the below.
I have a query regarding our current entry of sales orders. We currently enter the order date and promised date as same day for instance if we are currently taking an customer order for 01st of June delivery we are entering the order date and the promised date as 01st of June.
By doing this are we comprimising our current inventory by forward dating and forward invoicing.