In WorkingPoint, you can track the available quantity of your items before and after every sale. You simply add inventory quantity for the items you keep in inventory and want to track. By adding inventory to items, WorkingPoint can keep track of the value of your inventory, number of items in stock, and the costs of the products you've sold.
Tracking inventory on a new item
If you are setting up a new item, you can turn on inventory tracking by checking the "Add inventory for this item" checkbox and entering the starting quantity. Show me how
Tracking inventory on an existing item
If you want to start tracking inventory on an existing item, do one of the following:
Edit the existing item:
Open the item you want to track and check the "Add inventory for this item" checkbox. Enter the amount you currently have on-hand to get a starting quantity. Show me how
TIP: You may want to take a physical inventory count of all your inventory items as of a specific date to ensure a smooth transition to tracking inventory.
Purchase the item as inventory
When receiving the item through a bill, check the "Add inventory for this item" checkbox on the form. Show me how
When purchasing the item through an expense, check the "Add inventory for this item" checkbox on the form. Show me how
About dates and tracking inventory
If you start tracking inventory on an existing item AFTER that item has been sold (appears on previous invoices), WorkingPoint begins tracking the inventory from the addition of inventory forward (previous invoices do not contribute to the inventory counts).
If you start tracking inventory on an existing item BEFORE that item has been sold (appears on future invoices), WorkingPoint tells you how many have already been sold. You must enter a quantity that is equal to or greater than the quantity already sold to begin tracking inventory. WorkingPoint will also recalculate the quantity available and the average cost of the item for transactions on or after the addition of inventory, as needed.
How do I add to the available quantity of an item?
How do I reduce the available quantity of an item?