How to Maintain Stock

Sir, please tell me, how to maintain stock?  My Co.  is selling spare Kusum Machchharparts for bike. I have purchased some parts. I entered all the parts entries by creating stock groups & stock items. Further I purchased some items if same item is repeated it shows error duplicate entry.  How to make next purchase entries?

Kusum from India 

Kusum, actually, you did not pass the voucher entry of purchase. You have  just created  inventory ledgers by creating of stock items. When you went to create inventory info for creating stock items, you can create each item one time. After coming back, you have to go to voucher entries. Select purchase voucher and then pass the voucher entry of purchase. If you have purchased on credit, you need to create the party name ledger by using short cut command Alt + C. Only after this you can pass the voucher entry of purchase. If you did not create the ledger of purchase, please also create it in account info. If you also sell the spare part of bike. Please pass the voucher entry of sales. Only after this, you can check net balance of your inventory.

Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

2 comments:

  1. Hi! I am seaching for answers on a question how do you maintain stock and got your answer. Great Thanks

    ReplyDelete
  2. Sir,

    I have belong from a food production house comapy & I have to look after all MIFD(electrical, plumbingm & small machine spearce etc. stock for self use. kindly suggest me what is the best way to handling this kind stock easy way if possible kindly send me flow char & some proforma

    with thanks & regards
    Raihan

    ReplyDelete