Overview:

Stock for a product refers to the quantity of goods or materials that a business holds in its inventory for the purpose of resale, production, or utilisation. This stock includes raw materials, components, and finished products that are ready for sale to customers or use in manufacturing processes. Properly managing stock ensures that a business can meet customer demand without delay, maintain production schedules, and manage resources efficiently. Stock levels are often tracked in an inventory management system to monitor availability, optimise stock levels, and support financial and operational decision-making.

To receive stock for a product, start by locating and selecting the desired product. Navigate to the Related tab and scroll down to find the Stock Balance-related list. Choose the appropriate Stock Balance record from the list. Then, scroll to the Inbound Stock Movements related lists and click on New. Enter the desired Quantity and Unit cost for the stock being received. Set the Type to Opening Balance and click Save to complete the process. This procedure ensures that the new stock is properly recorded and updated in the system.

How To Receive Stock For A Product

1. Find the Product you would like to enter stock for and click on it.
2. Click on the Related tab.
3. Scroll down to the Stock Balance related list.
4. Select the Stock Balance record in the list.
5. Scroll to the Inbound Stock Movements related lists.
6. Click on New on the Inbound Stock Movements related list.
7. Enter a Quantity and Unit cost you would like to assign the stock to for your product.
8. Set the Type to Opening Balance.
9. Click Save.

Learn more about creating and opening balances for Stock on a product record or manually adjust stock movements here.