First of all I express my SINCERE THANKS FOR MANAGER forum. I have totally stopped using other business softwares after downloading MANAGER since last two years. Now I am running my business without any headaches of making so many reports. This is all possible by MANAGER.
Sir I am confused between the differences between Qty to receive
Qty to receive (Whether it is related with Purchase orders?)
Qty on hand (I mean physical stock (actual stock)
Qty to deliver (By sales invoice or delivery notes)
Qty owned : ???
Especially between Qty on hand andQty owned. I request you to clarify with on simple example.
These headings relate to the various status of inventory as they progress though the business.
Qty to receive and Qty to deliver only arises if you activate the Goods Receipts and Delivery Notes tabs. The intended workflow is Purchase Invoice > Goods Receipt > Sales Invoice > Delivery Note however in reality the order could be quite different.
Can I suggest that you create a test business and enter the various processes and observe how they interact - e.g. If you start from a zero position
Now you will note that the Qty on hand is now 10 as they have been received but the Qty owned is zero as a purchase invoice hasn’t yet been processed (via the Qty to receive is -10).
It is only by processing different transactions within your test business will you see how the various heading respond.
Read these three Guides, which explain all the aspects of inventory management and how behavior of the program changes as you enable various capabilities:
Together, those three Guides follow an illustrated example in which a company sets up inventory, buys and produces stock, sells items to customers, receives and makes partial deliveries, transfers inventory between locations, etc.
One thing to note is that purchase and sales orders have no impact on inventory. They are not financial transactions, only methods for recording portions of the purchase and sales cycles. But they can be copied to transactions that do affect inventory.
