When Setting Up POS for the First Time, How Do I Record the Cost of My Existing Inventory?

When setting up inventory in POS for the first time, POS will automatically enter an adjustment memo to update your inventory value when you enter a value in the Average Unit Cost or the On-Hand Quantity fields when adding a new item.  Before doing so, a message will pop up asking you to Continue or [...]

Letting Inventory Levels Go Negative Results In Unreliable Numbers

Letting Inventory Levels Go Negative Results In Unreliable Numbers

A common problem for many inventory-based businesses is recording receipt of inventory before that inventory is billed to a customer. In retail settings, pressure to promptly take care of customers can lead to pressure to produce an invoice that hasn’t yet been received. Since producing an invoice is often a necessary first step to getting [...]