#Boxed finale software software

Stocktaking is a useful feature in your physical inventory management system. Finale Inventory offers a basic method for inputting stock takes and even barcode integration.

#Boxed finale software software

Stock take software lets you move your stock counts from a spreadsheet to a convenient inventory tracking platform. Stock checking makes sure you can meet customer demands and happens continuously, through real-time tracking of your inbound deliveries, sales and outbound shipments. During this process, you’ll discount and discard damaged or expired inventory. With stocktaking, the goal is to count the physical stock available. It’s also important to note the difference between stocktaking and stock checking. The Difference Between Stocktaking and Stock Checking That’s where a stock take comes in, allowing a business to get an accurate count of what’s in the warehouse. Items can get misplaced, stolen or damaged. The physical inventory doesn’t always match what your receiving and shipping records say. It doesn’t include shipments that have yet to arrive and includes products sold that have yet to ship. What Is Stock Take Software?įirst things first - what does physical inventory mean? Physical inventory refers to the stock that’s actually in your warehouse. After you reset your numbers during a physical count, you’re back on track to collecting accurate inventory data. When something doesn’t add up, you can find the root cause. This variance helps you quantify and correct inventory discrepancies. Any variance from the expected quantity will calculate automatically. You’ll input your actual count right next to the expected count. As you’re doing your physical count, you have a quick reference for what the number should be. It adds inventory based on your purchases and subtracts them based on your sales. Once you’ve chosen your sublocation, you’ll find a list of merchandise and the quantity on hand.įinale Inventory’s automated stock count tells you precisely what the number should be. This feature is useful for any facility that takes stock section by section rather than all at once. When you pull up the stocktaking function, you’ll be able to select your warehouse sublocation. Here is a stock take example, with a video using Finale Inventory for a cycle count.įinale Inventory makes stocktaking easier. The stock quantities from a stock take system are known as quantity on hand, as they represent the quantity physically present, independent of whether the items have been reserved for future sales. Whichever process the company uses, Finale Inventory’s cycle count software process facilitates efficient c ounting of the stock items and recording the m on the fly or after the stock take is completed.Ī stock take, or physical inventory, is the process of counting or measuring the stock at a company’s location or sub-location. Businesses may do cycle counting on location using paper and pencil, typing into a mobile device or scanning with a barcode scanner. Physical stocktaking procedures take many forms.

Inventory is kept up-to-date between stoc k t akes based on the quantity deltas from shipments received or sent from purchases, sale s and transfers. Other types of businesses, such as wholesale, distribution and manufacturing, may use cycle counts less frequently to verify and correct stock level s. For retail and restaurants, a company may do a cycle count daily or weekly to keep a regular count of what is on hand. Stoc k t ake system practices vary in frequency for different kinds of businesses. They represent the quantity physically present, independent of whether the items have been reserved for future sales. The stock quantities from a stock take system are known as the quantity on hand. Physical inventory, also called a stock take, is the process of counting or measuring the stock at a company’s location or sub-location. Finale Inventory makes this process simple. For those instances, you might do a physical stock take to “reset” your inventory counts. Whether you experience shrinkage or someone forgets to scan a barcode, the number in your software might not match up to the real count. Still, it can’t wholly replace physical inventory counts. Our real-time tracking can significantly reduce the amount of time you spend counting by hand. Finale Inventory offers many features to manage stock at your warehouse inventory.