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.

Billing for inventory items

Step-by-step instructions

To record an inventory purchase:

  1. 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 is Inventory Asset, the same account you've used for the item's Inventory account.
  2. Save your bill as AUTHORIZED.
  3. 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.