Frequently Asked
Questions
Find Solutions to Common Issues Related to inventory-reports - stock status
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.
Why are some values showing as negative amounts in my BUSY reports? How can I properly account for these negative values?
If the stock display negative value, check the below possible reasons:
1.If you have only entered sales transactions and not the purchase records, it can result in a negative stock. Make sure to input both sales and purchase transactions to maintain accurate stock levels.
2.When updating transactions, select the specific material center appropriately. While checking the stock report, ensure you are viewing the stock of the relevant material center which is selected in transactions.
If the stock display negative value in BUSY, you can either post physical stock voucher or stock journal voucher in order to made stock adjustment. To create stock journal or physical stock voucher, follow these steps:
Step 1: Go to transaction then click on stock journal or physical stock
Step 2: Click on add and create the voucher with required item details.
I want to track my inventory and stock levels. How can I configure inventory management in BUSY?
To configure inventory management in BUSY you can follow the steps
1 Go to inventory feature and tag stock account with material centre
2 Enable multi godown inventory in inventory feature
3 while create item master set material centre wise critical level
4 enter opening stock if any as per material centre wise
5 enter voucher entries as per requirements
6 to check the stock status go to display menu click on stock status
and click on balance only or detailed as per material centre wise
7 to check the minimum maximum level or reorder leven with its actual stock and deficiency , go to display manu and click on inventory summary then click on item critical level
by following these steps you will be able to track your Inventory and stock levels
