Inventory Balances at a Glance
Inventory Balances section provides real-time information on the quantities of the item.
š”For for more details see Inventory Adjustments.
Multi Quantity items can be distributed among multiple stores. To see the grand total for all items leave the Choose store option in the top right corner untouched. To check on a particular store's inventory, simply choose that store from the Choose Store dropdown menu. This will display the balances for the item within that chosen store.
Store Balances numbers explained
Balance type | Description |
Owned | Number of items that are owned by the business. This amount is counted towards your property tax reports.
For property tax purposes, this number counts all items your business owns. This includes items temporarily memoed out to other vendors and those reserved for unfinished orders, as your business still retains ownership of these assets. |
Memo In | The number of items received on memo from a vendor represents your memo liability. This figure is essential for tracking the items in your possession that you don't yet own outright. Even after you sell memoed items, they continue to count towards your memo liability until you officially purchase them from the original vendor. See Working with items On Memo |
On Hand | The total number of items currently in your possession. This includes both items you own outright and those received on memo, as long as they haven't been sold or otherwise consumed. |
Available | The number of items immediately ready for sale or use. This takes your total 'In Stock' amount and subtracts any items reserved for unfinished orders, as those are temporarily unavailable. |
Memo Out | The number of items you have temporarily loaned out to another vendor under a memo agreement. These items remain your property until either returned or officially purchased by the other vendor. |