Stock Transactions
Businesses have a large part of their financial resources invested in the stock items they trade. With iVendNext, you can always keep a bird's eye view on your stock availability, replenishment, procurement, sales, and much more.
Stock transactions in iVendNext contains a wide range of activities related to managing inventory movements within an organisation. These transactions include stock transfers between warehouses, stock adjustments to correct inventory discrepancies, stock reconciliation to ensure accurate stock levels, and stock entries for recording stock movements such as purchases, sales, production, and consumption.
Core Stock Transactions
These core stock transactions play a crucial role in maintaining accurate stock levels, tracking stock movements, analysing inventory performance, and making informed decisions related to procurement, sales, and production planning within the organisation.
There are three main types of entries:
Purchase Receipt:
Items received from Suppliers against Purchase Orders.
Stock Entry:
Items transferred from one Warehouse to another.
Delivery Note:
Items shipped to Customers.
Apart from these core transactions, there are other documents available in iVendNext Stock module to manage Stock Reconciliation, Item Prices, deliveries, serial numbers, batch numbers, quality inspections, returns, etc.