Stock Ledger
Stock Ledger
Sequoia's stock ledger software computes the actual cost of goods sold
and gives the store a view of inventory throughout the year, at the class
and department level in a variety of categories. Stock ledger also:
- Applies all costs associated with each class of merchandise by updating
the inventory value by:
- Sales/Refunds/Voids
- Receipts from Returns to Vendors
- Discounts
- Markups/Markdowns
- Inter-Store/Inter-Department Transfers
- Manual Offset Adjustments for Shrink
- Creates pending entries which are applied to the stock ledger nightly
(or at end of day) as part of your reporting sequence.
- Keeps daily, month-to-date and year-to-date totals by fiscal month
- Automatically posts physical inventory count discrepancies as
adjustments to the pending stock ledger.
- Posts cost of goods sold to your University MAS 90 General Ledger.
- Allows for tracking of which customers bought what merchandise.
- Allows for tax exempting certain classes or departments of merchandise
by customer groups.
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