List Stock Movement

Stock movement refers to the tracking and recording of inventory changes, such as additions, reductions, transfers, or adjustments.

Listing stock movement enables businesses to monitor how goods flow in and out of their inventory, providing valuable insights for inventory management and regulatory compliance.

Why List Stock Movement in eTIMS?

1. Track Inventory Fluctuations
   To understand how stock levels change due to sales, purchases, returns, or internal transfers.
2. Maintain Accurate Records
   To ensure your inventory records align with actual stock levels for better decision-making.
3. Regulatory Compliance
   To provide clear audit trails for stock transactions as required by the Kenya Revenue Authority (KRA).
4. Prevent Stock Discrepancies
   Detect and resolve inventory inconsistencies promptly.

Best Practices for Listing Stock Movement

1. Use Specific Filters
   You should apply precise filters to focus on relevant stock movements and avoid sifting through unnecessary data.
2. Review Regularly
   You should periodically monitor stock movement to catch any discrepancies early.
3. Cross-Check Transactions
   You should verify stock movements against supporting documents like invoices, purchase orders, and transfer notes.
4. Track Adjustments Closely
   You should document reasons for manual adjustments to ensure accountability and compliance.
5. Integrate Branch Records
   You should consolidate stock movement data from all branches for a holistic view of inventory.