Inventory in Genoa is the module a company uses to keep track of the items it holds in stock. It works alongside sales and purchasing and accounting in the same product. Importers can also use landed cost to add freight and customs on top of item cost; it is an optional feature that is off by default and switched on per organisation.
In a trading company, stock is cash sitting on shelves. Knowing what is in stock and what it cost helps the company buy at the right time and avoid running out or overstocking.
Without a clear system, stock figures become guesswork, and it is hard to know the real profit on each item.
Inventory, sales and purchasing are modules of the same product. Purchases bring items into stock, and sales take them out.
Because accounting is part of the same product, stock movements are also reflected in the accounts.
An item's cost is what the company paid to buy it. Imported goods, however, usually carry extra charges such as freight, transport and customs duties.
For this, Genoa offers landed cost, which adds freight and customs on top of item cost. It is an optional feature: off by default and switched on per organisation, according to each company's needs.
Bring a short list of your items and a recent purchase invoice to the demo, and ask questions like these:
No. Inventory is a core module of Genoa and works without the landed cost feature.
Landed cost is optional, off by default and switched on per organisation. It is useful for companies that pay freight and customs on imported goods.
No. Inventory and accounting are modules of the same product, not two separate programs.
Stock movements from sales and purchases are reflected in the accounts, so the same transaction does not need to be entered twice.
Record what the company sells to customers and buys from suppliers, alongside stock and the ledgers.
Add freight and customs on top of the cost of imported items. Optional, off by default and switched on per organisation.
Keep the books in Iraqi dinars in the same product as inventory, sales and purchasing, and the ledgers.
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