You get an ‘Out of Stock’ warning message when the stock on hand of a product is lower than the quantity you try to sell.

Once you have prepared the product list of the “location” in MoneyWorks accounting software, highlight these items and print a Stock Valuation report.

You can transfer and track the stock of each store with the Multiple Locations plug-in for MoneyWorks accounting software…

Software: MoneyWorks #accounting software What is a product? In MoneyWorks, a product is an item which you buy from the seller and resell it to your customer. If you stock it, it will be treated as an asset and the stock value will be calculated automatically. Assume a stationery shop purchase 100 unit of Pen […]

Software: Intuit #QuickBooks #accounting software Businesses, especially when launching a new product, may give away product sample as a form of marketing. Although you are not selling a product, to correctly capture the cost of goods sold and the inventory on hand, a sales invoice transaction is used to record the delivery of the product […]

Software: MoneyWorks #accounting software We discussed how to use the “Quantity Price Break” in our earlier post, showing you how to set up the item with up to five levels of price break for each product. Besides the standard quantity price break, you can have the quantity price breaks on additional units only. You can […]