Use Inventory Transfers to enter changes of inventory that can't be handled by ordinary
purchases or sales.
HINT-- Inventory Transfers are an important part of the Goldenseal inventory management software.
INVENTORY TRANSFER BASICS
Entering Inventory Transfers | Data Fields | Transfer Types | Using
WORKING WITH INVENTORY TRANSFER RECORDS
Entering Records | Changing Records | Deleting
Records | Voiding Records
Finding Records | Sorting Records | Fixing Mistakes
WEBSITE INFO LINKS
Inventory Software | Inventory
Accounting Software | Inventory Control Software
Software | Inventory Tracking Software
Asset Transfer | Cash Transfer | Cost Transfer | Inventory
accounts | Inventory Setup
Inventory Purchases | Inventory Used | Sales
When to Use Inventory Transfers
Use Inventory Transfers to enter the startup inventory quantities
that you already own when you start using the Goldenseal software.
You can also use Inventory Transfers to handle the following:
- "shrinkage", miscounts or losses
- inventory that has increased or decreased in value
- items that you manufacture
- items that you move from one inventory account to another
Entering Inventory Transfers
To enter an Inventory Transfer, follow these steps:
- Choose Special Transfers from the Bank menu, then choose Inventory Transfers from the submenu.
- Click the New button, or choose New Record from the Edit menu.
- Enter details for the transfer.
Enter the following information for each Inventory Transfer:
Transfer Type-- Choose the type of inventory adjustment
that is being made.
Inventory Type-- Choose whether you are adjusting a material Cost Item,
an Assembly or
an obligation Cost Item.
Category-- Choose the cost category to which the item belongs.
Subcategory-- Choose the cost subcategory to which the item belongs.
Item-- Choose the item that is being adjusted. You can leave this field blank to adjust
inventory values in Inventory
Accounts without adjusting quantities of any Cost Items.
Quantity-- Enter the amount of adjustment that is being made.
Unit Value-- The unit value for this item is entered automatically. Change the number if you'd like to use a different
value for this inventory adjustment, or if you aren't including a cost item.
Total-- The total amount of adjustment is calculated.
Date-- Enter the date of the transfer.
Record Number-- A transaction record number is entered automatically.
Take From-- Choose the type of account that is providing the items being transferred.
Take From Account-- Choose the account that is providing the items being transferred. Some transfers don't
use this field.
Add To-- Choose the type of account that is receiving the items being transferred.
Add To Account-- Choose the account that is receiving the items being transferred. Some transfers don't use
Comments-- Enter any comments you have about this transfer.
The following types of inventory transfers
Transfer-- Move inventory from one account to another.
Manufacture-- Manufacture an Assembly or a Cost Item. Stock
of the manufactured item is increased.
Revalue-- Change the value of existing stock.
Shrinkage-- Reduce the quantity of existing stock, and charge a job account for
Startup Stock-- Enter items already owned by the company when the company file is first stated. Their
value will be added to the Starting Value field in Inventory Accounts.
Using Inventory Transfers
When you enter an Inventory Transfer,
the Goldenseal software adjusts the quantities
of Assemblies and Cost
Items, and also updates the value of items of Inventory
Use Inventory Transfers to handle any changes in inventory control beyond the usual purchases
and sales of items.
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