Warehouse Creation
A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities, towns, and villages. They mostly have loading docks to load and unload goods from trucks. The terminology of 'Warehouse' in OneHash is a bit broader though and maybe can be regarded as "storage locations". You can create a sub-Warehouse which could be a sSome readersItem: Prerequisites, Creation, Features
Item An Item is a product or a service offered by your company. The term Item is also applicable to raw materials or components of products yet to be produced (before they can be sold to customers). OneHash allows you to manage all sorts of items like raw-materials, sub-assemblies, finished goods, item variants, and service items. OneHash is optimized for itemized management of your sales and purchase. If you are in services, you can create an Item for each service that you offer. ComplPopularOpening Stock for Serialized and Non-Serialized items
Opening Stock Opening Stock is the amount and value of materials that a company has available for sale or use at the beginning of an accounting period. The closing Stock of the previous accounting period becomes the opening Stock of the current accounting period. Create Warehouses. Link Warehouse to appropriate accounting ledgers. To post opening stock visitFew readersAccounting Of Inventory Stock
Accounting Of Inventory Stock The value of available inventory is treated as a Current Asset in the company's Chart of Accounts. To prepare a Balance Sheet, you should make the accounting entries for those assets. There are generally two different methods of accounting for inventory. 1. Auto/Perpetual Inventory In this process, for each stock transaction, the system posts relevant accounting entries to sync stock balance and accounting balance. TFew readersUsing Price List
Price Lists A Price List is a collection of Item Prices either Selling, Buying, or both. OneHash lets you maintain multiple Selling and Buying Item Price using Price Lists. Price Lists can be used in scenarios where you have different prices for different zones (based on the shipping costs), for different currencies, etc. An Item can have multiple prices based on customer, currency, region, shipping cost, etc., which canSome readersGet to know about the Stock Settings
Stock Settings You can set default settings for your stock related transactions from the Stock Settings page. By default, the Item Name is set as per the Item Code entered. If you want Items to be named by a set Naming Series choose the Naming Series option. Default Item Group ThSome readersUsing Item Variants
Item Variants An Item Variant is a version of an Item with different attributes like sizes or colors. Eg: Suppose t-shirt is an Item and it comes in different sizes and colors like small, medium, large and red, blue, green. In OneHash the t-shirt will be considered as an Item template and each of the variations will be an Item Variant. A blue t-shirt in size small rather than just a t-shirt. Item variants let you treat the small, medium, and large versions of a t-shirt as variations of oneFew readersItem Attribute
Item Attribute Item Attributes are characteristics given to Item Variants based on which Item Variants are created. Item Attributes can be color, size, length, etc. Multiple attributes like multiple colors can be defined. To access the Item Attribute list, go to: ++Home Stock Settings Item Attribute++ 1. How to create an Item Attribute Go to the Item Attribute list, click on New.Few readersItem Price
Item Price Item Price is the record in which you can log the selling and buying rate of an item. There are two ways to reach a new Item Price form: ++Selling/Buying/Stock Items and Pricing Item Price New++. Or ++Stock Item Click on "+" next to Item Price.++ Select the Item. The name, UoM and description will be fetched. Select the Price List whether Selling/Buying price or any other price list you may have created. Enter the actual rSome readersItem Group: Creation and Features
Item Group An Item Group is a way to classify items based on types. Depending on the type of product, you can categorize an item under its respective field. If the product is service-oriented, assign it under the Item Group - service. If the product is used as a raw-material, assign it under the Raw Material category. In case, an item is used only in trading, you can categorize it under an Item Group called Trading. To access the Item Group list, go to: ++Home Stock Items and PricinSome readersManufacturer
Manufacturer A manufacturer created or produces an Item. A Manufacturer may not be the same person/company that sells the Item under a specific Brand. For example, Unico Plastics can be the Manufacturer of plastic brushes but it may be sold under a Brand, say, Super Brushes. Manufacturer can be used to identify Items using a specific part number. To access the Manufacturer list, go to: ++Home Stock Manufacturer++ 1. How to Create a Manufacturer Go to the Manufacturer lFew readersCreating Material Request
Material Request A Material Request is a simple document identifying a requirement of a set of Items (products or services) for a particular reason. A Material Request can be of the following types: 1. Purchase: If the material being requested is to be purchased. 2. Material Transfer: If the material being requested is to be shifted from one Warehouse to another. 3. Material Issue: If the material being requested is to be Issued for some purpose like manufacturing. 4.Some readersCreating a Purchase Receipt
When receiving items from your supplier, you can create a Purchase Receipt in the OneHash sales management software against a Purchase Order.Some readersCreating a Delivery Note
This document lists the items sent in the shipment and updates the inventory.PopularStock Entry Creation
Stock Entry A Stock Entry lets you record Item movement between Warehouses. To access the Stock Entry list, go to: ++Home Stock Stock Transactions Stock Entry++ Stock Entries can be made for the following purposes: Material Issue: If the material is being issued to someone in or outside the company (Outgoing Material). The Items will be deducted from the Warehouse set under Source Warehouse. Material Receipt: If the material is being received (Incoming MaterialSome readersPacking Slip: Prerequisites, Creation and Features
Packing Slip A packing slip is a document that lists the items in a shipment. It is usually attached to the goods delivered. From a single Delivery Note, multiple Packing Slips can be created. It is useful when the shipment is packed in different boxes. Each box can have a weight and number of Items it contains. For example, if you're shipping 20 chairs in 4 boxes, each box can contain 5 chairs with different Packing Slips for each box. To access the Packing Slip list, go to: ++Home >Few readersRetaining Sample Stock
Retaining Sample Stock Sample stock is a batch of any Items stored for analyzing should the need arise later. The Item for which sample stock is stored can be raw material, packaging material, or finished product. Before using sample retention, it is advised that you create the following first: Item BatchSome readersWhat is landed cost voucher and how is it created?
Landed Cost Voucher Landed Cost is the final total cost associated with a product for it to reach to the buyer’s doorstep. Landed costs include the original cost of the item, complete shipping costs, customs duties, taxes, insurance, currency conversion fees, etc. All of these components might not be applicable in every shipment, but relevant components must be considered as a part of the landed cost. In business, identifying landed cost for an Item/product is very crucial, as it helpsSome readersPick List
Pick List A Pick List is a document that indicates which items should be taken from your inventory to fulfill orders. This is particularly useful for shippers with a large amount of inventory, volume of orders, or customers ordering many Stock Keeping Unit(SKU). Pick list selects Warehouse where an Item is available on FIFO (First-In-First-Out) basis. Selection of Warehouse for a batched item is different. In case of batched items, Warehouse where the batch is nearer to its expiry will be seFew readersPutaway Rule
Putaway Rule A Putaway Rule defines a Warehouse Assignment Strategy for incoming stock. A Putaway Rule is uniquely defined for an Item-Warehouse combination in a Company. It takes Warehouse Capacity and Priority into consideration. In Purchase Receipts and Stock Entries (Material Receipt & Material Transfer), the Putaway Rules are applied and Items are auto-assigned to Warehouses based on the given strategy. This is particularly useful for capacity management in large Warehouses with mFew readersSerial Number Creation
Serial Number As discussed in the Item page, if an Item is serialized, a Serial Number (Serial No) record is maintained for each quantity of that Item. This information helps track the location of the Serial No, its warranty and end-of-life (expiry) information. Serial Nos are also useful to maintain fixed assets. Maintenance Schedules (https://help.onehash.ai/en/article/create-a-maintenance-schFew readersCreating Batch in OneHash
Batch feature in OneHash allows you to group multiple units of an Item and assign them a unique value/number/tag called Batch No. This is done based on the Item. If the Item is batched, then a Batch number must be mentioned in every stock transaction. Batch numbers can be maintained manually or automatically. This feature is useful to set the expiry date of multiple Items or move them together to different Warehouses. To access the Batch No list, go to: ++Home Stock Serial No anSome readersInstallation Note
Installation Note An Installation Note can be created when a product/item is being installed or set up at the Customer's place. For example, if you sell an Air Conditioner, a service person generally accompanies the delivery to install the Air Conditioner at the Customer’s place. The service person can create an “Installation Note”, to track the date and details of the installation. To access the Installation Note list, go to: ++Home Stock Serial No and Batch Installation Note++Few readersLearn more about Quality Inspection
In OneHash inventory management software, you can mark your incoming or outgoing products for Quality Inspection. To enable this feature go to: Home > Stock > Tools > Quality InspectionFew readersHow to Create a Stock Reconciliation to Post Opening Stock?
The process of periodically counting and assessing the quantity and value of materials or products at the end of the year is known as Stock Reconciliation.Some readersCustomer Provided Items
Customer Provided Items In Contract Manufacturing, in some cases, the Customer provides specific items as one or few of the BOM components. These items cannot be received using a 'Buying Cycle' since that will mean making Customer as a Supplier at the same time. It will also go through each doctype in the cycle. In this feature, Customer Provided Item is received through 'Stock Entry' with type 'Material Receipt' from a 'Material Request' with type 'Customer provided'. This feature is useFew readersCreating a Purchase Return
Purchase Return A purchased Item being returned is known as a Purchase Return. With the Purchase Return feature, you can return products to the Supplier. This may be on account of a number of reasons like defects in goods, quality not matching, the buyer not needing the stock, etc. Before creating and using a Purchase Return, it is advised that you create the following first: Item (https://help.onehash.ai/en/article/item-prerequisites-creation-features-7pwzwt/Few readersProjected Quantity
Projected Quantity Projected Quantity is the level of stock that is predicted for a particular Item based on the current stock levels and other requirements. It is the quantity of gross inventory that includes supply and demand in the past which is done as part of the planning process. The projected inventory is used by the planning system to monitor the reorder point and to determine the reorder quantity. The projected Quantity is used by the planning engine to monitor the safety stockFew readersHow to Activate Perpetual Inventory?
Perpetual Inventory As per the perpetual inventory system, accounting entry is done for every stock transaction. Otherwise, it's done in larger intervals for example monthly or quarterly. Each warehouse is linked with a corresponding account head. On receipt of items in a particular warehouse, the balance in the Warehouse Account will increase. Similarly, when items are delivered from the Warehouse, an expense will be booked, and the balance in the Warehouse Account will reduce.Some readersWhat does the Stock Level Report contain?
Stock Level Report Stock Level report list stock item's quantity available in a particular warehouse. There are multiple reports available you can check for item's stock level. You can access this report from ++Stock Main Report Stock Projected Quantity++ This report list item wise - warehouse wise stock level of an item considering all the stock transactions. With Actual Quantity of an item, it also provide other details like: 1. Actual QuaFew readersWhat is a BOM Explorer?
BOM Explorer Report shows a complete hierarchy of the Bill of Materials (BOM) with its raw materials in the form of the tree view. You need to select the BOM in the filter then the report will show the quantity of required raw materials and scraps for manufacturing the item. It is the complete tree view of assemblies, sub-assemblies i.e. all exploded items. Using the BOM Explorer, user can view the quantity of raw materials and scraps from all exploded items and printFew readersStock Value and Account Value Comparison Report
Stock Value and Account Value Comparison Report: 1. This report helps the user to understand the difference value between the stock account and stock balance report.Few readersStock Entry Purpose
Stock Entry Purpose Stock Entry is a stock transaction, which can be used for multiple purposes. Let's learn about each Stock Entry Purpose below. 1. Purpose: Material Issue Material Issue entry create to issue item(s) from a warehouse. On submission of Material Issue, stock of item is deducted from the Source Warehouse. Material Issue is generally made for the low value consumable items like office stationary, product consumables etc. Also you can create Material Issue to reconcileFew readersTrack items using Barcode
Track Items Using Barcode A barcode is a value decoded into vertical spaced lines. Barcode scanners are the input medium, like Keyboard. When it scans a barcode, the data appears in the computer screens at the point of a cursor. Item Master To set the barcode of a particular item, you will have to open the Item record. You can also enter barcode while creating a new item. Once barcode field iSome readersItem Valuation, FIFO and Moving Average
Item Valuation One of the major features of any inventory system is that you can find out the value of any item based on its historic or average price. You can also find the value of all your items for your balance sheet. Valuation is important because: The buying price may fluctuate. The value may change because of some process (value add). The value may change because of decay, loss etc. You may encounter these terms, so lets clarify: Rate: Rate atFew readersItem Codification
Item Codification If you already have a full-fledged business with a number of physical items, you would have probably coded your items. If you have not, you have a choice. We recommend that you should codify if you have lot of products with long or complicated names. In case you have few products with short names, it is preferable to keep the Item Code same as Item Name. Item codification has been a sensitive topic and wars have been fought on this (not joking). In our experience, when youFew readersRepack Entry
Repack Entry Repack Entry is created for item bought in bulk, which is being packed into smaller packages. For example, item bought in tons can be repacked into Kgs. In a Repack Entry, there can be one or more than one repack items. Let's check below scenario to understand this better. Assume we are buying boxes of spray paint of specific colour (GrFew readersMaterial Transfer from Delivery Note
Material Transfer from Delivery Note and Purchase Receipt In OneHash, you can create Material Transfer entry from Stock Entry document. However, there are some scenarios in the Material Transfer where it needs to be presented as a Delivery Note and Purchase Receipt. Material Transfer from Delivery Note Scenarios One of the examples is when you transfer a Material from your stores to project site, however, yoFew readersCreating a Sales Return
A sold Item being returned is known as a Sales Return. Goods sold being returned happens commonly in business. They could be returned by the customer due to quality issues, non-delivery on the agreed date, or any other reason. Before creating and using a Sales Return, it is advised that you create the following first: Item Sales Invoice (https://help.onehash.ai/en/artFew readersRecord Customer Deliveries in one vehicle with OneHash Delivery Trip
How to create a Delivery Trip A Delivery Trip can be created from a Delivery Note by clicking on 'Create Delivery Trip'. Go to: Stock Stock Transactions Delivery Trip New Select the Driver and Vehicle, create both if not present. Set the date, departure date and time. Add customers for delivery stops, the address will be fetched if already set. Customers can also be fetched by clicking on GetSome readersInventory Valuation Method - FIFO vs. Moving Average
Inventory Valuation Method - FIFO vs. Moving Average What is inventory valuation? Inventory valuation is the cost of unsold goods in a company’s inventory. It includes all costs incurred to get the item ready for sale, like material expenses, direct labour, freight, handling, import duties etc. Inventory is an important asset on the company’s balance sheet for small and medium businesses. So, it is very important to calculate correct inventory value. There are several valuation mePopularHow to Set Sample Retention Warehouse in Stock Settings?
Retaining Sample Stock Sample stock is a batch of any Items stored for analyzing should the need arise later. The Item for which sample stock is stored can be raw material, packaging material, or finished product. Before using sample retention, it is advised that you create the following first: Item Batch WarFew readers