Stock entry typically involves recording the inflow or outflow of inventory items within the warehouses of the organization apart from the Purchase and Sales.
Prerequisites
Matrial Issue : The Matrial will be deducted from the source warehouse as soon as it is issued to someone in the company or in some cases outside the Comapany.
Material Receipt: Recording the acquisition of new inventory items into the system’s database, the items will be added to the Targeted Warehouse
Material Transfer: Moving stock items one warehouse to another or One Branch to another within the organisation.
Manufacture: If product is generated through manufacturing and production process.
Repack: Reconfiguring of item/ items due to repacking it into new Items for various purposes such as marketing or logistics.
Send to Subcontractor: Dispatching materials or components to an external party for specialized processing or assembly i.e. subcontracting of goods or matrial.
Material Transfer for Manufacture: Shifting raw materials from storage to the production area specifically for manufacturing purposes. This transfer can be make against a work order or a job card.
Material Consumption for Manufacture: Deducting raw materials from inventory as they are used in the manufacturing process.