Published 10 February 2017

Create Receive Items / Goods Receipt Document

In the process of buying and selling transactions, recording the receipt of goods becomes very important as this directly impacts the inventory in the store. The receipt of goods referred to here is the process of receiving ordered goods from the provider or supplier as a result of a purchase transaction. IREAP POS has provided a facility that makes it easier for you through the goods receipt function.

The Goods Receipt Transaction on IREAP POS will automatically add to the stock of goods and record the stock value, whether it is for new goods or to add to the stock that has run out or is depleting. Thus, the use of this Receipt Transaction can be considered as a step to enter or input stock of goods into the system.

There are two types of goods receipt on IREAP POS, namely the calculation of the Average Value (default setting when the IREAP app is downloaded) and the calculation of the Standard Value.

1. Goods receipt with the Moving Average calculation method (By default used)
   Method of Inventory Value Calculation Using the Moving Average Cost Method. Click here

2. Goods receipt with the Standard Cost calculation method
   Method of Inventory Value Calculation Using the Standard Purchase Price Method (Standard Cost). Click here

ALSO READ:
Import/upload goods receipt through the stock list (CSV/Excel file) via web admin

Goods Receipt Transaction with Moving Average Method

Users are required to fill in the purchase price/cost/Cost of Goods Sold (COGS) when creating a Receipt Transaction. After the Receipt Transaction is created, the application will automatically calculate the average purchase price. It is important to note that the input purchase price/cost/COGS is the price per unit (per piece). For more information related to the Moving Average Calculation, you can click the link.

To check the quantity of goods, you can see the inventory report click the link

Goods Receipt Transaction with Standard Cost

Users do not fill in the Purchase Price when creating a Receipt Transaction. The Purchase Price is defined in advance in the Master Data Menu | Goods Data. For more information related to the standard cost calculation method, you can click the link.

To check the quantity of goods, you can see the inventory report click the link

Print Goods Receipt

• Click Print Icon

• Click Ok to Print receipt