Frequently Asked
Questions
Find Solutions to Common Issues Related to inventory-reports - stock status
. How do I manage inventory levels, stock valuation and reorder points in BUSY?
If you want to manage inventory stock level & reorder levelein BUSY, you can use these steps:
Step 1: You can monitor your inventory and stock levels by using various report options available under the Display menu. You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 2: To set reorder level open you item master in modify mode and Set Y on the option Set Critical Level (Y/N).
Step 3: Reorder Level (Qty.), for the item.
If you want to set stock valuation method as per your requirements, you can follow these steps:
Step 1: Go to Administration and click on configuration.
Step 2: Select Features / Options and choose Inventory tab.
Step 3: Here, you will find an option of "Stock Val. Method." You can select the best method that suits to your business need and save the changes.
Before doing that make sure to take latest backup of your data.
How can I track and manage my inventory in BUSY?
If you want manage & track inventory in BUSY, you can use these steps:
Step 1: Keep your transactions up to date by recording them in dual and pure inventory vouchers.
Step 2: Make sure to enter the correct quantity and value of the items involved in each transaction.
Step 3: Choose the stock valuation method that best suits your business needs.
Step 4: Monitor your inventory and stock levels by using various report options available under the Display menu. You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 5: Compare your book stock with your physical stock and identify any discrepancies. If there is any difference in the quantity of any item, you can adjust it by passing a Stock Journal or Physical Stock voucher.
These process will help you to maintain accurate inventory records and avoid stock issues.
How do I track and manage inventory in BUSY?
If you want manage & track inventory in BUSY, you can use these steps:
Step 1: Keep your transactions up to date by recording them in dual and pure inventory vouchers.
Step 2: Make sure to enter the correct quantity and value of the items involved in each transaction.
Step 3: Choose the stock valuation method that best suits your business needs.
Step 4: Monitor your inventory and stock levels by using various report options available under the Display menu. You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 5: Compare your book stock with your physical stock and identify any discrepancies. If there is any difference in the quantity of any item, you can adjust it by passing a Stock Journal or Physical Stock voucher.
These process will help you to maintain accurate inventory records and avoid stock issues.
I need help setting up inventory management in BUSY. How do I track stock levels and valuations?
If you want manage inventory and track stock of items in BUSY, you can follow these steps:
Step 1: Keep your transactions up to date by recording them in dual and inventory vouchers. Make sure to enter the correct quantity and value of the items involved in each transaction.
Step 2: Choose the stock valuation method that best suits your business needs.
Step 3: Monitor your inventory and stock levels by using various report options available under the Display menu.
Step 4: You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 5: Compare your book stock with your physical stock and identify any discrepancies.
Step 6: If there is any difference in the quantity of any item, you can adjust it by passing a Stock Journal or Physical Stock voucher.
These process will help you to maintain accurate inventory records and avoid stock issues.
How do I manage inventory in BUSY
If you want manage inventory in BUSY, you can use these steps:
Step 1: Create items with all the necessary details.
Step 2: Keep your transactions up to date by recording them in dual and inventory vouchers. Make sure to enter the correct quantity and value of the items involved in each transaction.
Step 3: Choose the stock valuation method that best suits your business needs.
Step 4: Monitor your inventory and stock levels by using various report options available under the Display menu. You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 5: Compare your book stock with your physical stock and identify any discrepancies. If there is any difference in the quantity of any item, you can adjust it by passing a Stock Journal or Physical Stock voucher.
These process will help you to maintain accurate inventory records and avoid stock issues.
How do I manage inventory, track stock levels in BUSY?
If you want manage inventory and track stock of items in BUSY, you can use these steps:
Step 1: Keep your transactions up to date by recording them in dual and inventory vouchers. Make sure to enter the correct quantity and value of the items involved in each transaction.
Step 2: Choose the stock valuation method that best suits your business needs.
Step 3: Monitor your inventory and stock levels by using various report options available under the Display menu. You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 4: Compare your book stock with your physical stock and identify any discrepancies. If there is any difference in the quantity of any item, you can adjust it by passing a Stock Journal or Physical Stock voucher.
These process will help you to maintain accurate inventory records and avoid stock issues.
How to manage inventory and stock in BUSY?
If you want manage inventory and track stock of items in BUSY, you can use these steps:
Step 1: Keep your transactions up to date by recording them in dual and inventory vouchers. Make sure to enter the correct quantity and value of the items involved in each transaction.
Step 2: Choose the stock valuation method that best suits your business needs.
Step 3: Monitor your inventory and stock levels by using various report options available under the Display menu. You can view the stock status report, inventory books, and inventory summaries for any item, group, or category.
Step 4: Compare your book stock with your physical stock and identify any discrepancies. If there is any difference in the quantity of any item, you can adjust it by passing a Stock Journal or Physical Stock voucher.
These process will help you to maintain accurate inventory records and avoid stock issues.
BUSY stock valuation average seems off How is it calculated
In the BUSY, if stock valuation is calculated using the weighted average cost method. This method takes into account the cost of all units of a particular item in inventory, not just the most recently purchased or the oldest units.
Recording Purchase Transactions: When you purchase items for your inventory, BUSY records the cost of each item as well as the quantity acquired.
Calculating the Weighted Average Cost: To calculate the weighted average cost, BUSY adds up the total cost of all units of that item currently in your inventory. This includes the units you've purchased previously, not just the most recent ones. This total cost is divided by the total quantity of items in inventory.
Weighted Average Cost = (Total Cost of Inventory for that Item) / (Total Quantity of Items in Inventory for that Item)
How do I check stock status and resolve negative stock issues?
To check the stock status in BUSY, follow these steps:
Step 1: Go to display section then click on stock status.
Step 2: Choose closing stock alphabetical option then select balance only.
Step 3: Choose all material center then all item master.
Step 4: Specify the date range then enable show value of items and open the report.
To resolve the negative stock issue in BUSY, you can adjust stock by post stock journal voucher in BUSY. You can follow these steps to post stock journal voucher:
Step 1: Go to transaction section then click on stock journal voucher.
Step 2: Click on add tab then mention the voucher series, date and material center in from and to tab.
Step 3: Now, mention item in item generate window to generate stock of such item and in item consume to consume stock then save the voucher.
Why is all my stock showing as a minu? Is there a way to bring it in plus?
If all your stock is showing as a minus, it means that you have sold more than available quantity of items. To bring it in plus, you need to purchase more stock. You can also generate stock by using these steps:
Step 1: Open your company then go to transactions menu.
Step 2: Select stock journal and click on add.
Step 3: Enter all the necessary details such as date, material centre and your items with required quantity in item generated section then save.
Step 4: You can also use the physical stock voucher and click on add.
Step 5: Enter all the necessary details such as vch no. , date, material centre, etc then click on down arrow.
Step 6: Click on load items and enter the required quantity in physical quantity column to generate stock then save.
