What is the purpose of a Stock transfer voucher entry in inventory management of a BUSY Software?

The purpose of a Stock Transfer Voucher Entry in inventory management of BUSY Software is to record the transfer of inventory items between different locations or warehouses within the same organisation. This process facilitates accurate tracking of inventory movements, ensures proper inventory control, and maintains consistency in financial records. Here are the steps to understand the purpose of a Stock Transfer Voucher Entry:
Step 1: Identifying Inventory Transfer:Identify the need for transferring inventory items from one location to another within the organisation. This could be due to sales demand, replenishment, consolidation, or any other operational requirement.
Step 2: Navigating to Stock Transfer Voucher Entry:Locate the "Stock Transfer " option in the” Transaction” menu of the BUSY software. Click on it to open the stock transfer voucher entry window.
Step 3:Enter the voucher details:
A)Voucher Date: Enter the date of the inventory transfer.
B)Voucher Number: Automatically generated by the BUSY software or manually entered, depending on your setup.
Step 4: Source and Destination Material Center:Specify the source MC(from where the inventory is being transferred) and the destination MC(where the inventory is being transferred to).
Step 5:Transfer Details:Add any additional remarks or notes to describe the reason for the transfer or any other relevant details into Narration.
Step 6:Save the Voucher Entry:After verifying all the details, save the stock transfer voucher entry in the BUSY software.