Items and inventory
Billing for inventory items
When you purchase an inventory tracked item, Wafeq automatically increases the quantity on hand and the inventory value of the item.
Learn by watching
Watch this video to see how invoicing for inventory items works, or read on below.
Step-by-step instructions
To record an inventory purchase:
- Create a bill:
- Choose the
Item
you want to buy from the drop-down menu displaying the items you had created in your inventory. Make sure the item is tracked inventory. - Make sure the
Account
isInventory Asset
, the same account you've used for the item'sInventory account
.
- Choose the
- Save your bill as
AUTHORIZED
. - Go back to the items sheet and check the updated quantity on hand of your item in inventory. Wafeq updates the inventory value of the item based on the purchase price and quantity.