How to do Transfer Out in ServQuick?
Transfer Out is a feature provided in ServQuick to transfer the goods from one location to another. A business can have multiple branches /outlets operating. So based on the requirements stocks may need to be transferred between various locations.
Benefits:
You don't have to search the quantities of stocks available with you every time. It will be displayed automatically while doing transfer out.
Smart Search Option will be available so that you don't have to type the whole item name every time which saves your time.
You can just enter the transfer quantity and the selling amount will be automatically calculated by this feature.
Steps to do Transfer Out in ServQuick
Step 1: First go to Inventory
- Step 2: Under Inventory Management > Choose Transfer Out
Step 3: Now click on Add Transfer Out
- Step 4: Enter all the details that are required.
In the From Location enter the location from which you want to transfer the goods.
In the To Location enter the location to which you want to send the goods to.
In the EAN code enter the EAN code which will be provided by the product manufacturer.
Enter the Item Name and its Variant details by selecting from the pop up page.
In Available Stock enter the amount of stock available with you.
In Transfer Quantity enter the number of quantities you are going to transfer them.
Click on Add and you can add any number of items you need.
After filling the details click on Save.
Steps to check the transfer out details in ServQuick
- Step 1: Go to Reports > Under Inventory > Choose Transfer Out Details
- Step 2: Enter the Date and Location > Click on Apply
- Step 3: Then the details of the Transfer Out will be displayed
In this report, there will be a column called Tax Amount. This will be calculated based on the choice you have made in the Location Creation Screen.
Note: In the Location Creation Screen > Under Configuration > There will be an option Transfer Out Tax Calculated Based On. If you choose Cost then the transfer out tax will be calculated based on the cost price. If you choose Selling then the transfer out tax will be calculated based on the selling price.
By following these steps you can easily transfer goods to various locations without much time consumption and confusion. Using this feature all your calculations will be flawless which avoids any profit loss.
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