How do we deal with Free of Charge stock?

There are a few different ways to enter free stock items into Stocktake Online.

• The best practice procedure is to accept the delivery at zero (0) cost price. This brings the items in to your stock at no cost.
• You can change the cost price on delivery, or enter the stock in a manual order and then accept the delivery. The important part is the cost price.

• You can also locate previously accepted deliveries through the List Deliveries option and change the prices there. Please note the period will need to be open in order for you to be able to edit those deliveries.
• You can also use the Inwards Adjustment feature to achieve the same effect, however, for clarity and reporting purposes we always recommend bringing the free stock in through the order and delivery features.
• Once the items are included in your stock, they will be valued at the usual cost price, but for sales and GP purposes, the fact that they came in free of charge (FOC) will be considered.

If you'd like to discuss alternative methods to the above, or more specialized options on a similar level - paid reserves, stock in bond, etc., please contact the Stocktake Online Support Team.