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IRIS Bookkeeping - Routine Use
Stage 3 - Stock Adjustments
- Any Stock Movements (i.e. any goods received,
or any goods dispatched without a corresponding Trading Invoice or
Service Invoice) are recorded in the Stock Records
ledger. See the Stock Items List to view current
stock records. Use the Add/Edit Stock Record
option to modify or add stock records. The Stock Records contain
details regarding product re-order levels, turnover, categories,
locations and units of stock etc.
- Physical levels of stock can be amended using the
Receive Goods and Dispatch Goods
options (access to these screens is through the Stock
Menu, or from the Stock section on the
left hand pane). The current stock level cannot be amended directly
within the Stock Record itself.
- Credit Sales are automatically posted to the Stock records –
unless entered as manual invoices (see Stage
1 - Sales).
- Cash Sales require a manual adjustment in the stock records
(see Stage 1 - Sales).
- All Purchases require a manual adjustment in the stock records
(see Stage 2 - Purchases).
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