LOGIC | Opening balances, inventory and reconciliations

Opening balances, inventory and reconciliations

Opening balances, inventory and reconciliations

This section of the LOGIC Stock Control Module is characterized by three main screens:

1 - Opening balances screen: which includes all the required data to express the status of the items at the opening of their annual balance such as: store - item - unit - quantity - date of delivery and any other notes related to the item . This screen also has the ability to export the data entered into the Excel sheets, where it can be used in more different ways.

2 - Inventory screen: which includes also all the above data for each item in addition to the system balance and its actual balance of the inventory and the difference (if any) and the conversion of this difference to a value by showing the average cost of the unit for each item.

3 - Balance reconciliation screen: which are used in the case of stock adjustments, permissible damages and the other adjustments required in accordance with the rules of procedure of each facility.

With this, LOGIC's Stock Control Module has included all requirements to manage and control stock from basic data and item inspection through various inventory steps to inventory results, inventory cost and adjustments.