Transferring stock

Transfer Stock Overview > Transferring stock

Step 1: Identify the stock transfer
Step 2: Enter the stock transfer's components
Step 3: Enter the stock transfer's finished items
Step 4: Balance the transaction
Step 5: Choose what you want to do with the transaction

When creating stock transfers, you should determine the type of stock transfer you need:

After you've created a stock transfer, you may decide that the total value of the finished item is actually greater than just the sum of the values of its components. If a finished item is built by human labour, for example, you might decide that labour costs should also be included in the total value of the finished item.

To increase the total value of a finished item, create a special stock adjustment for the item. If the increased total value of the item is due to the cost of labour, we suggest that you allocate the stock adjustment to a wage expense account.

Click below for the step-by-step procedure:

Identify the stock transfer

Enter the stock transfer's components

Enter the stock transfer's finished items

Balance the transaction

Choose what you want to do with the transaction