Commercial Inventory Management in Foodics Accounting

Foodics Accounting serves commercial inventory, which consists of goods ready for sale.

Inventory management is handled manually by SKU units, as the system does not support SKU tracking. Also, barcodes and QR codes for inventory items are not available in the system.

Types of Inventory Items:

• Untracked Inventory: Items that directly affect financial accounts upon purchase, sale, adjustment, or revaluation. These items cannot be sold if not tracked.
• Tracked Inventory: (Not detailed here, but implies items tracked by quantity and movement.)

To add a new inventory item:

1. From the menu, select Accounts > Commercial Inventory > New Item
2. “I track this item” option: When selected, the system allows quantity adjustments (increase/decrease) for the available stock. You must assign the purchase account to Cost of Goods Sold and specify the selling price.

Purchasing and selling untracked inventory: Choose the appropriate option for your business (purchase only, sell only, or both, e.g., for services) by filling in purchase and sale prices, assigning accounts, and saving the data.