Periodic inventory and auto/perpetual inventory are the two main types of inventory accounting. When you purchase and receive products, auto inventory records them as assets of the business (stock-in-hand). An expense (Cost of Goods Sold) equal to the landed cost of the goods is recorded when you sell and deliver them.
A retailer's current stock is summarised in an inventory stock report. It summarises information about the state and performance of inventory, including specifics like how much stock you have, which products are selling the quickest, category performance, and other statistics.
You can import data from your PC into TechoERP Inventory to hasten the data collection process inside each module. Additionally, you can export data or create a full data backup.
A version of an item with varying characteristics, such as sizes or colours, is known as an item variant.
With the use of a system called serial number tracking, you may keep track of individual units of a product from the time they are created until they are sold. In order to identify which unit was sold to whom, each item will have a special identification code.
Batch Tracking is a system that allows you to group and monitor a set of stock that share similar properties.