Negative Stock Billing in Retail POS
When users wants to do the billing for the items which is having “zero or less than zero stock” in POS application, users can enable negative stock billing for those items.
Business rules
- Not recommended if user wants to maintain perfect inventory management for all of his items and its stock.
- There should be the global configuration in POS configuration setting for to enable and disable the negative stock billing (Allow negative stock).
- Once the global configuration is enabled, user need to open the item master.
- In item master, there should be the input menu which is called “allow negative stock”, user should enable it as “yes or global” for every items he wants to allow billing below zero stock.
- Yes – Allow negative stock for item no matter what given in global configuration.
- Global – If global configuration for allow negative stock is enabled, then system allow negative stock billing.
- No – System did’t allow negative stock billing no matter what given in global configuration.
- Once configuration is enabled for items, then system allow negative stock for those items.
- When stock is added through GRN or opening stock, the negative stock of an items should be adjusted correctly.
- For example, if Item A having -5 as current stock, then when GRN made for Item A with qty 15, then current stock of Item A will be 10.
- Most of the times, the F&V businesses enable negative stock for them.