Overview - Stock Taking

This function involves physically verifying and reconciling the quantities of product present in a company's stock against the recorded quantities in the system.

Not taking stock regularly may lead to the following problems:

• Stockouts (running out of items to sell)
• Overstocking (having too many products on hand)
• Deadstock (when your products become obsolete and cannot be sold)

Steps to follow Before, During and After Stock Taking

Before Stock Take (After counting physical product in your warehouse)

• Navigate to Stock Taking
• Select location (if you have multiple locations)
• Select date
• Click on New Stock Taking

During Stock taking (Before entering the physical quantities for all products)

• Select all the Adjustments Accounts: a. Write-On Accounts b. Write-Off Accounts
• Search Product
• Enter Physical Quantity
• Click Enter
• Continue to enter the physical quantities of all products
• Save.

After Stock Taking (After you have entered the physical quantities in the system)

• Navigate to Stock taking page
• Identify the recent stock-take
• Click More
• Select Adjust Stock

• Click on More again
• Select Effect Adjustment

• Navigate to Inventory List to confirm if stock is updated