On Refrens, you can automatically manage your stocks as per the invoices/expenses you create.
Let's see how!
In case you prefer to watch videos, here's a step-by-step guide on how to auto-update/adjust stocks:
A. Go to Business Settings > Inventory Options.
To get started, go to 'Business Settings' from the sidebar and navigate to the 'Inventory Options' section.
You can manage the settings here to control how your inventory will be auto-updated. There are three ways you can do that.
“Auto update” means that every time you add an item to an accounting document, your inventory will be auto-updated. By default, this setting is enabled for invoices and expenditures. But you can change the defaults according to your preferences by clicking on the radio buttons.
“Block only” means that when you add an item to a document, it won’t auto-update your inventory, but just block the relevant item from the stock.
“Do nothing” means that no changes will be applied to the Inventory on adding items to accounting documents.
You can either go ahead with the default settings or you can change the settings according to your preference.
B. Updating Inventory based on past documents
If you want to update the Inventory based on past documents, you can do that by clicking on 'Update' in the "Update Past Inventory” section, below the Manage Inventory section.
When you do that, the system will go through all the documents you created in the past and update your inventory automatically.
That's it! Now go ahead and automate your inventory management seamlessly!