I am facing an issue with incorrect company name on my bills. What should I do?
The key difference between a physical stock voucher and a stock transfer voucher is their purpose and the nature of transactions they record. A physical stock voucher is used for stock auditing and updating stock records based on the actual physical count, whereas a stock transfer voucher is used to record the movement of stock from one location to another within the organisation.
Physical Stock Voucher:
Step1: Purpose of Physical Stock Voucher:A physical stock voucher is used to record the actual physical count of inventory items. It is typically used during stock audits or stocktaking processes to update the stock records based on the physical count.
Step 2: Information in Physical Stock Voucher:In the physical stock voucher entry, you need to specify details such as the date of the physical count, the item codes or names, the actual physical quantities counted, and any discrepancies found.
Step 3:Updating Stock Records:After entering the physical count details, BUSY software will update the stock quantities based on the counted values, ensuring the stock records are accurate.
Stock Transfer Voucher:
Step 1: Purpose of Stock Transfer Voucher:A stock transfer voucher is used to record the transfer of inventory items from one location (e.g., warehouse or branch) to another location within the same organisation.
Step 2: Information in Stock Transfer Voucher:In the stock transfer voucher entry, you need to specify details such as the date of the transfer, the item codes or names, the quantities being transferred, and the source and destination locations.
Step 3:Updating Stock Records:After entering the stock transfer details, BUSY software will update the stock quantities at both the source and destination locations based on the transferred quantities, ensuring accurate inventory records.