Published 10 February 2017

Create Receive Items / Goods Receipt Document

Receive Item with Standard Costing

Goods Receipt Transaction as the name implies is used every time you buy goods, whether new items or just want to add to stock that has run out / running low.

The Goods Receipt Transaction at IREAP POS will automatically increase the stock of goods and also the stock value.

How to calculate the stock value on IREAP POS, has 2 types, namely the Average Value (the default setting when the IREAP application is downloaded) and the Standard Value.

ALSO READ

• How to Calculate Inventory Value Using the Moving Average Costing Method
• How to Calculate Inventory Value Using the Standard Costing Method

User does not input Purchase Price while input the Receive Item Transaction. Purchase Price was defined in menu Master Data | Manage Article Master. For more information about standard costing method, you can click this link.

Here is the step from input the Purchase Price until Receives Item transaction :

• Go to Master Data

• Click Manage Article

• Click Choose Article

• Input Purchase Price for Master Data

• Save Article

• Go to Receive Items

• Add New Receive Transaction

• Add and Choose item

• Input Received Quantity

• Click Save to Add Item

• Repeat the Process

• Save Goods Receipt

To check the item quantity, you can Go To Menu Report then check it on Inventory Report

Print Goods Receipt

• Click Print Icon

• Click Ok to Print receipt

Receive Item with Moving Average Method

User must input the purchase price while creating Receive Item Transaction. Application will calculate the average purchase price automatically after the receive item transaction created. For more information about Moving Average Calculation, you can click this link

Here is the step to input the Receive Item transaction :

• Go to Menu Setting & Parameters

• Check the Costing Method Parameters. Costing Method must "Moving Average"

• Go to Menu Receive Item

• Add new Goods Receive

• Add item Line

• Input Purchase Price

• Input Received Quantity

• Click Save

• Repeat the process as much as you need

• Click Save Goods Receipt

To check the item quantity, you can Go To Menu Report then check it on Inventory Report