Entering received purchases
When you make product purchases and receive that product into your stock during an inventory period, those purchases have to be entered into your current inventory file. Bar Cop needs to know how much product you added into your inventory between the starting and ending inventory counts, so it can calculate usage correctly.
Entering purchases is easy, let's learn how to do it.
If you are taking inventory once a week, you can enter purchases into your current inventory file on any day after you receive the product into your stock or you can wait until the end of the inventory period. If you are taking inventory daily, then you would enter purchases into the inventory file on the exact day that you receive them.
Enter all product purchases with price paid that you receive into your stock during an inventory period. Purchases and prices can be entered by clicking the notepad icon, or directly into each product cell by typing (or using voice command).
After all purchases have prices paid have been entered, the purchase report will be ready to view. The purchase report takes your current on-hand inventory combined with the entered purchases and calculates an averaged cost per each product.
When you create a new inventory file, the calculated averaged price will be transferred into the product cost column in product setup. This ensures that usage calculations are always using the most accurate product cost possible.Have any questions? Contact us.