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Stock Transfers - Stock Control |
Article Number: 430 | Rating: Unrated | Last Updated: Thu, Jun 22, 2023 at 11:20 PM
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Datafile Software Stock Transfers - Stock Control Stock transfers occur when you move stock from one stock code to another. You may need to do this for a number of reasons, including: You have several quality standards for a product, and have created stock codes to cover each level. A stock transfer allows you to transfer stock from one quality level code to another You have scrapped or put stock aside to clear, to which you have given zero cost value, but want to record movements, particularly sales of such products. A stock transfer allows you to transfer products to the scrap or clearance codes If you are running multi-location stock, then a stock code exists for each stock item stocked at each location. The stock transfer allows you to transfer stock between locations. NB: You can also use the Location Transfer option for this. Stock CodeThe first stock code should always be the code from which stock is being transferred. In multi-location systems this includes the location code in the normal way. QuantityThe quantity entered reduces the physical stock of the stock code and increases the physical stock of the ‘to-stock’ code. It should be entered as a positive value. CostOptionally the cost can be confirmed on the transfer. This is useful where the transfer between stock items involves an additional charge – be it a process the stock has to go through or a delivery charge. The cost issue on the ‘from’ item remains as per the standard stock cost price (or the FIFO cost if this is in use), the cost entered here is used as the ‘received’ cost on the ‘to’ item. To-Stock CodeThis is the stock code to which the stock is being transferred. If using multi-location stock then after input of the location the stock code itself will default to that of the ‘from’ code – though you can overtype. Batch/Serial Details
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