The value of inventory is the total financial value of the cost of products in stock, automatically calculated as follows: (Quantity of products available in inventory x Cost of product).
To know the total value of the inventory
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Go to the homepage.
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Click on the "Branches" field.
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Check (✔) the required branch/branches.
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The inventory value appears according to the specified branches.
Frequently Asked Questions
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What operations affect the value of inventory?
All operations that affect the quantity or cost of the product will affect the value of inventory. -
I specified a certain period on the homepage and the inventory value did not change?
The inventory value represents the currently available quantity and is not affected by specified time periods. -
Why does the inventory value appear negative?
You may have enabled the option (sell at quantity 0 or less) and then conducted sales operations for products whose quantity was not added to the platform either due to forgetting to add the purchase invoice, an input error, or other reasons, resulting in a negative product quantity. To solve the problem:
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Go to Sales and Customers > Sales Settings.
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Disable the option to sell at quantity 0.
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Correct the product quantity in inventory either by adding purchase invoices, inventory counting, or manual adjustment, depending on the reason that led to the quantity not being added to the inventory.
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