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Inventory Item Stock Tab

The Stock Tab shows the Inventory Stock Information. It has three tabs namely Stock, Default Accounts, Warehouse Location.

 

Stock Tab

The Inventory Stock area displays quantities In Stock, Committed, Back Order, On Order, and Reorder Point. These fields, except the Reorder Point field, are read only and cannot be manually changed.  To add the number of inventory in stock for the selected inventory item you need to either create and post a Sales or Purchase Transaction, create a Inventory Adjustment or enter an Inventory Opening Balance.

 

1.The Warehouse ID field will display the list of warehouses. The ellipse button at the left side of the warehouse ID will open the Warehouse form where you may view/edit warehouse's information.  The ellipse button at the right side of the warehouse ID will open the Inventory Warehouse Transaction History form where you can view every transaction that makes up the total stock for each warehouse.

2.The In Stock field is read only and displays the total quantity in stock.  Every time you sell or purchase this inventory item the In Stock field will change to display the latest quantity in stock. The ellipse button next to the In Stock field will open the Inventory Stock form where you can view what makes up the in stock quantity. See: Drill Down Stocks Feature in Inventory.

3.The Committed field is read only and displays the total quantity that has been ordered by the customers, but not yet invoiced/shipped.  Every time you create an order for the inventory item, the Committed field will change to display the latest quantity.  Committed means ordered by a customer, but yet still in stock.  Once the Order is converted to an Invoice and posted the Committed field will change to show the new quantity committed. The ellipse button next to the Committed field will open the Inventory Committed form where you can view what makes up the in committed quantity  Also See: Committed Inventory Rules.

4.The Back Order field is read only and displays the total quantity on back order.  Every time a Back Order is created for the selected inventory item the Back Order field will change to display the latest back order quantity. The ellipse button next to the Back Order field will open the Inventory Back Ordered form where you can view what makes up the in back ordered quantity.

5.The On Order field is read only and displays the total quantity on order.  Every time you create a purchase order for this inventory item the On Order field will change to display the on order quantity. The ellipse button next to the On Ordered field will open the Inventory On Order form where you can view the transaction details which makes up the on order quantity.

6.The Show checkbox when is used to filter the Warehouse to be display on Item Number drop down combo box both on Sales and Purchasing forms.  See Show Inventory Warehouse and Hiding Warehouse.  

7.The Reorder Point field can be used to enter a quantity which will indicate that you need to order more inventory at.  VisionCore will remind you with a message anytime this inventory item drops to that quantity or below it in any of the sales or service transaction forms.  You can also open the Reminder List form from the Main Menu to display all the inventory that has reached or fallen below the quantity set here. See: Show Invoice Warning for Item Reorder Point and Summarize Inventory Alerts and Hyperlink on Reminder List.

Default Account Area

The Inventory Default Account area displays the GL Account that are impacted during sales/ purchase transactions.

 

1.The Warehouse ID field will display the list of warehouses. The ellipse button at the left side of the warehouse ID will open the Warehouse form where you may view/edit warehouse's information.

2.The Sales Income Account combo box is normally selected as a Revenue Account from the Chart of Accounts.

3.The Inventory Assets Account combo box is normally  selected as a Asset Account from the Chart of Accounts.  This field will be labeled Expense Account if the Stocked Inventory is set to 'No'.

4.The Cost of Sales Account combo box is normally selected as a Cost of Sales Account from the Chart of Accounts.

Warehouse Location Area

The Inventory Warehouse Location area is a convenient and detailed grid area that enables you to view the Location, Row, and Bin of the Inventory Item you are interested in. The ellipse button at the left side of the warehouse ID will open the Warehouse form where you may view/edit warehouse's information.


Related Topics

Adding Inventory Item

Inventory Item