STO Update 6th Oct 2023
Dear Stocktake Online Users,
As you will no doubt be aware, Stocktake Online is a constantly evolving system. We are always striving to improve our software and service, incorporating ideas from the hospitality industry and you, our users. In listening to feedback from various sources, we find improvements to be made and tweaks to implement.
Please read the following notes on the changes we have made and the new features we have added and as always, please do not hesitate to contact us if you have any questions or would like any extra information on the changes to Stocktake Online.
Update includes:
- Petty cash adjustment feature
- Delivery charge option while accepting delivery
- The batch processing display page changed with cost calculation
- Purchases by Revenue Summary Report
Petty cash adjustment feature
This feature can be used to record any petty cash bought items like store purchases. For recording petty cash, go to Inward Adjustment. Select the Adjustment Date, Adjustment Type, and record the adjustment against the respective product. The unit can be changed if needed, Price & Qty needs to be entered. Once done, click Finish Adjustments to save it. Since this is an adjustment, it will not have any impact on the product prices in reports even if it is on the weighted average inventory method.
This feature can be used only by registered admin users for the location & after enabling the feature from Setup > System Setups > Other Settings > Location Setup.
Delivery charge option while accepting delivery
Delivery charges can be now recorded on the database for deliveries. This is only for reference & invoice-matching purposes so purchases will be on a net basis in all the reports. It can be added while accepting deliveries or after accepting deliveries by editing the delivery from List Deliveries.
This feature needs to be enabled from Setup > System Setups > Other Settings > Location Setup.
The batch processing display page changed with cost calculation
Process Cost has been added while auto-processing the batches on the database.
Process Cost = Cost/Unit * Batch Qty
Purchases by Revenue Summary Report
A new report has been added under Reports > Sales and GP > Purchases by Revenue Summary. This will show purchase & revenue data periodwise for all the categories for the selected periods.
% column will give categorywise purchase % of the respective category revenue for that period.
E.g., Beverage purchase % for Period-167 = 112951.25/138928.47*100
Please do not hesitate to contact us if you have any questions or would like any extra information on the changes to Stocktake Online.
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