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

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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

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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 […]

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