Stock removal involves taking products out of inventory when they are damaged, expired, or unfit for sale. This ensures accurate inventory data and allows for timely restocking from suppliers, preventing the depletion of sellable quantities. The process requires specifying the location, product, and its details.
⚠️ Stock removal impacts net income.
Steps for Stock Removal
Navigate to: Products & Inventory > Remove Stock > New Remove Stock.
Fill in the following details:
Location: Select the branch where quantities will be removed.
Notes (Optional): Add remarks, such as the reason for stock removal.
Product: Search for the product by name or SKU and add it to the order.
Product Types
Simple Product or Weighted Product: Select the name or SKU.
Variable product: Choose the SKU of the specific type.
Pack product: Select the SKU for the unit or pack. Changes to unit quantity affect the pack, and vice versa.
Tracked product: Select the SKU. Upon completion, the system will prompt you to input tracking details (batch number or serial number).
Enter the following:
Remove Cost (Tax Exclusive): Enter the cost per unit in SAR.
Tax Code: Select the applicable tax code.
Remove Quantity: Specify the amount to be removed.
Click Complet. Quantities will be directly deducted from the inventory.
⚠️ Ensure all details are correct before submitting. Stock removal cannot be edited after completion.
Tracked Products
Serial Number: Enter the serial number(s) to be removed. Click Save to finalize.
Batch Number: Specify the batch number and quantity to be removed. Click Save to finalize.
FAQs
1. How do I correct a stock removal mistake?
Use the Stock Count to add back the quantities removed by mistake.
2. I received damaged glass products upon delivery. Should I issue a stock removal?
If the damage is noticed after issuing the purchase invoice:
Return the damaged stock to the supplier and document it using a purchase return invoice.
If the damage is noticed before issuing the purchase invoice:
Contact the supplier to return the stock under the agreed return policy.
⚠️ Stock removal impacts net profit, should only be used for inventory you own but is no longer sellable due to reasons like expiration, poor storage, or damage.
3. How do I remove composite products (e.g., flower bouquets) due to damage?
Bundled products consist of multiple components. Remove the individual components from inventory. Changes to these components will reflect in the bundled product quantities.
4. Is there a report for tracking stock removal of specific products?
Yes, go to: Reports > Inventory > Product Movement.
Search for the product to view all related transactions.
Stock removal actions can be identified under the Transaction Type column as Remove Stock.