Stock that is already on the books
Every unit in and out posts its journal entry in the same transaction as the movement, at weighted average cost. Stock and the ledger move together, because they are written together.
- Weighted average cost
- Cost of sale with the invoice
- Short dispatch refused
- Reorder points
- In from goods received and bills
- Out on invoices and delivery orders
- Back in on credit note returns
Costing
Each receipt moves the average
Goods in at a new price blend into the cost of what is already on the shelf. The next sale is costed at that average, with no layers to keep and nothing to recalculate at month end.
- Cost and quantity kept per item
- Cost of goods sold debited when the sale posts
Dispatch
You can't ship what isn't there
An invoice takes its stock and posts the cost of sale with it. Dispatch more than you hold on a delivery order or a stock operation and Cynco refuses it and says how much is available.
- Cost of sale posted with the invoice
- Delivery orders can't take stock below zero
The details
- Adjustments
- Write-offs, count adjustments and manual corrections, each posted to the ledger.
- Reorder points
- Set one per item; the inventory page counts and lists what has fallen to it.
- Locations
- Move stock between locations with a transfer.
- Items
- Choose which items track stock, with their own inventory and cost of sales accounts.
- Firms
- An inventory reconciliation skill in the workroom checks stock against the ledger for each client.
The rest of the ledger
- InvoicingInvoices that post themselves, with quotes and reminders.
- BillingSubscriptions, usage and renewals that retry themselves.
- PaymentsFPX, DuitNow QR and card on CHIP, matched to the invoice.
- e-InvoiceFiled with LHDN MyInvois, QR code and all.
- Purchase ordersOrder, receive, then turn it into the bill.
- BookkeepingDouble entry that the database itself enforces.
- PayrollEPF, SOCSO, EIS and PCB, worked out for you.
- ReportingStatements and tax forms, current when you open them.
- AgentsAsk in plain language. Approve what it drafts.
- Data roomEvery document, versioned and answerable.
Start with inventory
Free to start, and set up in an afternoon. Every other part of the ledger is there when you need it.