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Slide notes: In this tutorial we look at Stock Transfers, and of the available methods for Stock Transfers, we look at the Immediate Method.

 

 

 

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Slide notes: The included Help box explains the difference between the 3 methods for Stock Transfers.

 

 

 

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Slide notes: The immediate method that we will use now will update the Stock Transfer immediately the moment we post the Transfer.

 

 

 

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Slide notes: The Stock Transfer Journal, like other Journals, has a Transaction date, a Batch Number when Batch Numbers are in use for this User, a Financial Period, etc.

 

 

 

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Slide notes: The Transferring Stock Code and Store is the origin of the Stock that is being transferred.

 

 

 

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Slide notes: The Stock Code and Store Receiving is where the Stock is going. We may note here that this method allows Items of the same Stock Code to be transferred to another Store, or to a different Stock Item in the same Store or in another Store.

 

 

 

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Slide notes: Now notice that the Quantity being transferred is only 5, yet the receiving quantity is 5,000, and why is that? Simply because the Transferring Stock Code manages Fuel as Kilo Liters whereas the Receiving Stock Code manages Fuel as Liters. So in fact our example is that of transferring from a Stock Item to a DIFFERENT Stock Item in the same Store.

 

 

 

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Slide notes: The moment we choose POST the update is performed.

 

 

 

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Slide notes: Now, if we look at the Receiving Stock Code, we can see a quantity of 5,000 in the Main Store. That is the quantity we have just transferred.

 

 

 

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Slide notes: And if we drill into this Transaction, we can see the detail, and notice here the quantity of 5,000 again.

 

 

 

Slide 31

Slide notes: Then, if we should drill into the Transaction for the Transferring Stock Item, we should see a different Quantity, i.e. 5.

 

 

 

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Slide notes: And here it is.

 

 

 

Slide 34

Slide notes: So that is an example of performing a Stock Transfer with the 'immediate' method.