Hello,
Can we manage office inventory i.e. goods purchased to be used in office only and not for sale items separately with it’s pricing (each and total), quantity and current stock.
At times we buy things that are already available with us but missed in the present software we are using.
Thanks and best regards…
I believe the following is more appropriate.
I would have thought that the following process would work as described by the bot too.
Purchase inventory item.
As you use i write off.
But it seems there is a bug (or I am doing something wrong) as the value of the write-off does not reflect anywhere.
What is the value of stock carried compared to your annual expenditure?
It would be unusual to carry office supplies as inventory
Not exactly office supplies but many other expenses related to Goods and services related to office. We need to check expenses and stock for that’s bought in advance…Thank you.
For example - usually Inventory items are items that are intended to be sold to customers or is used to produce/manufacture goods which are sold to customers
Sorry but I am having difficulty in understanding what sort of goods you are talking about
What is your business?
@Joe91 thanks for your help, best wishes!!
To be precise - such items are called Office Inventory / Internal Inventory. Never Mind…I will figure it out.
In essence, inventory is a broader term that includes all the materials and goods a company possesses, while stock specifically refers to the finished products available for sale.
What is the difference between inventory and stock -
In a business context, inventory encompasses all items a company owns for sale or to be used in production, while stock specifically refers to the finished goods ready for sale. Essentially, stock is a subset of inventory.
