Introduce stock management capability in to your WP ERP system by adding the Inventory Management extension.
In this documentation, we will cover –
Create product → Purchase product stock from vendor → Edit stock product details (optional) → Sell your stock → Re-stock
Install and activate the extension like any other WP plugin.
Please note that WP ERP must be installed and activated in order to use this extension.
Only Accounting Managers will be able to view and use Inventory Menus. Navigate to- WP Dashboard → Accounting.
You will find two new menus (Inventory and Product Categories) after installing and activating the Inventory Extension.
Maintaining a category list will help you in the future to manage a large inventory.
Go to WP Dashboard → Accounting → Product Categories
In order to create a Product Category, you have to enter the following information-
After entering all these information, hit the Add new category button to create the product category.
To add a product, navigate to – WP Dashboard → Accounting → Inventory
You will view the list of products (if there is any). Now, follow these steps.
You can either buy the stock from the vendor on credit or payment.
To buy on Credit,
Now, navigate to WP Dashboard → Accounting → Expenses
Click on the Approve button bellow the newly created vendor credit.
Checking Inventory Stocks
To view if the stock has been added to the products, navigate to – WP Dashboard → Accounting → Inventory
You will notice all the products now has stock as you have added from vendor credit or payment.
You can also click on specific products to view their Stock from a new section titled ‘Stock available’ which has been added.
You will notice from the WP Dashboard → Accounting → Inventory menu that the stock has been deducted and the balance added in the account (chart of accounts or sales)
If you head back to a product by going to Accounting → Inventory and clicking on the product, you will be able to see a list of transaction history at the bottom of the product page. This will come very useful for you in the future.
Go to WP Dashboard → Accounting → Reports
You can export most of the reports to CSV files.
Pick any of these three report types associated with the inventory add-on
The product purchase report gives you a list of purchased products with details about the purchase and vendor’s name. There is a Export to CSV button to the top right corner.
The product sales report gives you a list of sold products with details about the sale and customer’s name. There is a Export to CSV button to the top right corner.
We are working on this integration and have plans to add them very soon!