Performing a stocktake periodically is crucial in keeping track of your inventory in your business. Neko Salon Software allows you to do this to allow your business continues to operate efficiently.
Before performing a stocktake, please ensure your current product line is correct and current. Suspend any products you no longer stock and add in any product ranges that is not already on the system.
Next count your physical stock level in store and note it down on a list.
Once done, you may now begin the stocktake process. For items that shows you have more than your physical stock level, you will need to write them off. For items that shows you have less than your physical stock level, you will need to write them on.
To learn how to do a write on/off, click here.
Neko runs on average cost. Receive stock in the system before you sell it as it is crucial if you want to keep your costs correct. If the cost for a product is incorrect, or the store has never received stock into the system, write off all your stock holding, then click Receive Goods and input the correct cost.
Average cost is calculated as follows:
((stock on hand x current average cost) + (receiving quantity x receiving cost)) ÷ (stock on hand + receiving quantity)