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Move item function only available on Financio Premier.
Move item function enable you to record the quantity of the inventory when there is a movement of inventory stock from one location to another location.
Before performing the move item, kindly ensure you have:
- Enabled inventory tracking for the product.
- Added more than one location (enabled multi-location).
Steps to move items
- Go to Product & Services.
- Click on Move Items.
- On the move items page, edit the stock quantity on the location column accordingly.
- Click Save.
Initially, I have 150 units of rackets at Warehouse 1 (W-01) and 0 unit in Warehouse 2 (W-02).
Now, I would like to move 50 units of my racket stock from Warehouse 1 (W-01) to Warehouse -2 (W-02).
So, I will just click on Racket (W-01), update the quantity to 100, and add 50 units Racket on Racket(W-02).
Note: Make sure the Out of Balance is always zero so that the total stock quantity in all the locations is tally with the total on hand stock quantity that you have.
The ‘On Hand’ quantity will be automatically updated based on the transactions that you have recorded.
Once, you have successfully performed the move item, you will be able to generate the detailed report at Report >Inventory Report > Inventory Location Summary.