TO CREATE A STOCK QTY BALANCE SHEET DEPT WISE-LS(LOGISTICS REPORT)
Stock Quantity – This is the amount of inventory available for each item in stock. It can include raw materials, work-in-progress, and finished goods.Balance Sheet – In accounting, a balance sheet provides a snapshot of a company’s assets, liabilities, and equity at a specific point in time. For inventory, it shows how much stock is held and its value.Department-wise – This indicates that the stock quantities are categorized by different departments, such as Sales, Production, R&D, etc. This helps in tracking inventory usage and managing resources effectively.Purpose – Inventory Management – Helps departments understand their stock levels and needs. – Financial Reporting – Assists in accurately reflecting inventory values on the balance sheet.Resource Allocation – Aids in making informed decisions about purchasing and production based on departmental needs.
User Access
Who Can Access
- Pothys admin
- Head cashier
- Sales Manager
- manager
What User Can Do
- View Reports
- Stock Qty Balance Sheet Dept Wise.
Pre-Requisite Activities
- Date range
Business Rules
- Managing stock quantity on a balance sheet by department involves establishing guidelines that ensure accurate tracking, reporting, and accountability.
- Stock Classification – Classify inventory into categories (e.g., raw materials, work-in-progress, finished goods) for each department.
- Tracking Methodology – Use a standardized method (FIFO, LIFO, Weighted Average) for inventory valuation across all departments.
- Inventory Audits – Conduct regular inventory audits (monthly, quarterly) to verify stock levels and reconcile discrepancies.
- Department Responsibility – Assign departmental managers responsibility for maintaining accurate stock levels and reporting discrepancies.
- Stock Replenishment – Set minimum stock thresholds for each department to trigger reorder processes automatically.
- Recording Transactions – Ensure all stock movements (receipts, sales, transfers) are recorded in real-time to maintain accurate stock levels.
- Reporting Frequency – Generate departmental stock reports on a regular basis (weekly, monthly) for management review.
- Disposal of Obsolete Stock – Establish procedures for identifying and disposing of obsolete or slow-moving inventory.
- Inter-Department Transfers – Create protocols for inter-department stock transfers, including documentation and approval processes.
- System Integration – Use integrated inventory management software to ensure real-time updates and visibility across departments.
- Data Accuracy – Implement checks and balances to ensure data accuracy, including regular reconciliations with accounting records.
User Interface
STEP 1:To select a Stock Qty Balance Sheet Dept Wise Report.
STEP 2: To enter the Start Date. To click the start check box. To run the process.
STEP 3: Once to run the process.To completed process then show report with given parameter.
STEP 4: Department->Product Department Name.
Open Qty->Total number of Quantities.
Purchase Qty->Number of quantity to purchase count.
Sold Qty->Number of quantity to sales count.
Stock adj Qty-Number of quantity to be adjusted.
Closing Stock Qty-End of the total number of quantity count.
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