Move stock between warehouses
Goods move from one warehouse to another, and both warehouses' stock updates straight away.
Before you start
- Two active warehouses.
- Stock with a known cost in the source warehouse.
- Inventory write and adjustment access.
Steps
Step 1: Start a new transfer
In Master Data › Products, open the Warehouses tab, then Warehouse transfers, and click New transfer. Or choose More actions, then New warehouse transfer.
Screenshot coming soon
The Warehouse transfers list with the New transfer button.
Step 2: Fill in the transfer route
In Transfer route, fill in the Transfer date, Source warehouse and Destination warehouse. Reference and Notes are optional.
Screenshot coming soon
The transfer route with date, source warehouse and destination warehouse.
Step 3: Add the products
In Products and valuation, click Add line, then choose the product, unit and quantity. Finday shows the stock Available (base) in the source warehouse.
Screenshot coming soon
Transfer product lines with unit, quantity and available stock.
Step 4: Preview and save
Click Preview and check Posting readiness. Click Save draft.
Screenshot coming soon
The transfer's posting readiness after the preview.
Step 5: Post the transfer
Click Post transfer and confirm. Source stock decreases and destination stock increases immediately.
Screenshot coming soon
The Post transfer confirmation.
When you are done
- Source stock goes down and destination stock goes up. A transfer makes no journal, because the company's inventory value doesn't change.
- A posted transfer is corrected with Reverse, or Void safely while the destination stock is unused and the period is open.
Common problems
A message says the source and destination warehouses must be different
Choose a destination warehouse other than the source.
The transfer can't be posted yet
The source warehouse has too little stock or no cost. Check Posting readiness and resolve every issue.
Something still unclear?
Ask us on WhatsApp. The Finday team replies during office hours and can walk you through it in your own account.