Stock Issue: Difference between revisions

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==Introduction==
==Introduction==
:'''Stock Issue''' is an entry to update outgoing stock as '''Qty Out'''. Commonly use for:-
:'''Stock Issue''' is an entry to update outgoing stock as '''Qty Out'''. Commonly use for:-
::a. to update the '''Opening Stock Qty''' and '''Opening Stock Costing''';
::a. sample products to customer;
::b. to receive sample products from suppliers;
::b. issue stock for own use;
::c. and more...<br />
::c. issue for display purpose;
::d. and more...<br />
::[[File:Stock-Stock Issue-01.jpg |700px]]
::[[File:Stock-Stock Issue-01.jpg |700px]]
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<br />


==Stock Received==
==Stock Issue==
:1. Click on '''New'''.  
:1. Click on '''New'''.  
::[[File:Stock-Stock Issue-02.jpg |700px]]<br />
::[[File:Stock-Stock Issue-02.jpg |700px]]<br />
:2. Enter the '''Description''' to describe the stock received entry, eg. "sample received from Supplier ABC Sdn Bhd".
:2. Enter the '''Description''' to describe the stock issue entry, eg. "sample product to Customer ABC Sdn Bhd".
:3. Add the items to be received.
:3. Add the items to be issue.
:4. You may enter the '''reason''', '''remark''' and '''authorised by''' for future reference.
:4. You may enter the '''reason''', '''remark''' and '''authorised by''' for future reference.
::[[File:Stock-Stock Issue-03.jpg |700px]]
::[[File:Stock-Stock Issue-03.jpg |700px]]
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<br />
:5. Click on '''Save''' to commit the stock qty in.  
:5. Click on '''Save''' to commit the stock '''qty out'''.  
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<br />


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:1. You update the unit cost by click on '''Update Cost''' button.
:1. You update the unit cost by click on '''Update Cost''' button.
:2. System will based on the update cost method to retrieve the unit cost for each items. There are:-
:2. System will based on the update cost method to retrieve the unit cost for each items. There are:-
::[[File:Stock-Stock Issue-04.jpg |500px]]
::[[File:Stock-Stock Issue-04.jpg |700px]]
<br />
<br />
::{| class="wikitable"
::{| class="wikitable"
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::[[File:Stock-Stock Issue-05.jpg |500px]]
==Journal Posting for damage stock loss==
<br />
:1. do an adjustment for your stock loss under stock issue.
::[[File:StockLoss 01.png |700px]]
<br />
:2. Check on Stock | Print Stock Document Listing | Stock Issue Listing | Apply
::[[File:StockLoss 02.png |700px]]
<br />
:3. Preview the stock issue listing to <b>capture actual cost of stock</b>
::[[File:StockLoss 03.jpg |700px]]
<br />
:4. Create the following Accounts under GL | Maintain Chart of Account | Cost of Good Sold | New
:: e.g. 617-000  Stock Loss
::[[File:StkLoss COA 01.jpg |700px]]
<br />
:5. do a Journal Posting (GL | Journal Entry) for your stock loss as per below screen
::[[File:StockLoss 05.jpg |700px]]

Latest revision as of 03:50, 4 March 2017

Menu: Stock | Stock Issue...

Introduction

Stock Issue is an entry to update outgoing stock as Qty Out. Commonly use for:-
a. sample products to customer;
b. issue stock for own use;
c. issue for display purpose;
d. and more...
Stock-Stock Issue-01.jpg


Stock Issue

1. Click on New.
Stock-Stock Issue-02.jpg
2. Enter the Description to describe the stock issue entry, eg. "sample product to Customer ABC Sdn Bhd".
3. Add the items to be issue.
4. You may enter the reason, remark and authorised by for future reference.
Stock-Stock Issue-03.jpg


5. Click on Save to commit the stock qty out.


Update Cost

1. You update the unit cost by click on Update Cost button.
2. System will based on the update cost method to retrieve the unit cost for each items. There are:-
Stock-Stock Issue-04.jpg


No. Update Cost Method Explanation
1 Use Ref.Cost When Qty <= 0 (by default) If qty balance below to 0, unit cost will update with Reference Cost from Maintain Stock Item.
2 Use Strict Costing Unit cost calculated from the Costing Method set in Maintain Stock Group.
3 Use Serial Number Costing Unit cost will based on the serial number.


Journal Posting for damage stock loss


1. do an adjustment for your stock loss under stock issue.
StockLoss 01.png


2. Check on Stock | Print Stock Document Listing | Stock Issue Listing | Apply
StockLoss 02.png


3. Preview the stock issue listing to capture actual cost of stock
StockLoss 03.jpg


4. Create the following Accounts under GL | Maintain Chart of Account | Cost of Good Sold | New
e.g. 617-000 Stock Loss
StkLoss COA 01.jpg


5. do a Journal Posting (GL | Journal Entry) for your stock loss as per below screen
StockLoss 05.jpg