ANSWER ID:9414Stock is often transferred between different stores owned by the same company. Unless the proper steps are taken to process this transfer, stock control issues could arise. In order to account for the movement of stock, a Returned Goods has to be recorded in the store the stock is leaving, and a Goods Received has to be recorded in the store the goods are arriving. As this is an internal transfer the supplier used for both transactions will be a newly created supplier called Stock Transfer. Below are the steps involved in recording the transfer. | UI Text Box |
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| Using RetailEnterprise? If you are using RetailEnterprise, stock transfers still need to be performed within RetailManager using the method described below. |
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| title | Shop A - The store where the goods are leaving |
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| - Create a supplier called Stock Transfer.
- Go to the Transaction menu and choose Returned Goods.
- Enter your Staff number and the Stock Transfer supplier number created at step 1.
- Enter the barcodes of the items you are sending to Store B.
- Leave the tax code and price as they are, even if you are not charging for the transfer.
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| title | Shop B - The store where the goods are arriving |
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| - Create a supplier called Stock Transfer.
- Go to the Transaction menu and choose Goods Received.
- Enter your Staff number and the Stock Transfer supplier number created at step 1.
- Enter the barcodes of the items that have been transferred from Shop A, with the prices and quantities being the same as the prices and quantities recorded on the Returned Goods in Shop A.
If you are exporting your accounting information to MYOB accounting software, the Returned Goods from Shop A will appear as a Debit Note and the Goods Received from Shop B will appear as a Purchase Order. As the Goods Received and the Returned Goods were recorded for the same value you will be able to apply the Debit note against the Purchase order to close the entry. |
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