Running your business on SnapLedger · Furniture & Fit-out · Lesson 9 of 10

Stock you can trust

2:31 · Captions: English, Arabic, French and Chinese.

A stock figure is only worth something if someone checks it against the shelf. In this lesson, the workshop counts and signs off — and the showroom shows the light way to run stock.

What you'll learn

  • Count the shelf and have it signed off
  • Run a showroom's stock the light way — in from a bill, out on an invoice
  • Keep the stock tied to the books

Step by step

  1. The workshop's count — Once a month, Omar counts the workshop's shelf and types in what he finds: eight oak sheets, where the books say nine. Saving changes nothing in the books yet: the difference waits for someone with the right to post it.
  2. Signed off — That's Yusuf, as head of operations. He reviews the difference — one sheet short — and posts it. And the stock in My Inventory ties to the books, line for line.
  3. The showroom's stock — The showroom doesn't need gates or count sheets. It buys finished pieces and sells them — so it runs its stock the light way. First, My Inventory asks whether the business holds stock. For the showroom, Yusuf says yes.
  4. In from the bill — The chairs' bill is already in the books, so Yusuf takes them in from it. The quantity and the price come from the bill — nothing to type. Six chairs, on the shelf at the bill's price.
  5. Out on an invoice — A customer buys two chairs from the shop floor. On the invoice, the line names the chair — so issuing it takes two off the shelf and books what they cost. No separate stock entry. He had already paid by bank transfer — so the moment Yusuf issues the invoice, it's paid. In the invoice list it reads Paid — and on the shelf, four chairs are left.
  6. A count when you look — And whenever Yusuf looks at the shelf, he counts what's there. Any difference goes straight to the books.

Next, the last lesson: closing the month, and seeing the whole business.