CifraHQ's inventory module gives you real-time visibility into stock levels across all your Warehouses. Whether you're correcting a count, moving goods between locations, or assembling finished Products from components, every transaction updates your on-hand quantities and posts the corresponding GL entries immediately.
Increase inventory quantities for goods received outside the purchasing workflow — donations, found stock, Opening Balances loaded by hand. Each adjustment posts to the positive adjustment account in your GL.
Decrease inventory quantities for shrinkage, damage, write-offs, or any loss not tied to a customer delivery. Outbound Adjustments post to the negative adjustment GL account and reduce your inventory asset balance.
Move goods from one warehouse to another within your company. A Warehouse Transfer creates a paired shipment and receipt, keeping both locations accurate throughout the transit period.
The outbound leg of a Warehouse Transfer — records goods leaving the source warehouse. Stock is reduced at the source location and held "in transit" until the receiving warehouse confirms arrival.
The inbound leg of a Warehouse Transfer — confirms goods arriving at the destination warehouse. Stock is added at the destination and the in-transit balance is cleared.
Build finished Products from component parts. An Assembly Order consumes component inventory and produces the assembled item, posting the component cost into the finished product's inventory value.
Complete an Assembly Order by recording the finished goods into stock. The receipt posts the assembled quantity to inventory and finalizes the cost roll-up from the consumed components.
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