As a member of the group, users can transfer stock to other Locations within your group electronically. The default transfer value is set at the store's last invoice cost, however the user has the power to over ride the cost by manually entering a different cost when the transfer is created.

The SOH is reduced at the sending store but the ROS is unaffected as movement of stock via Stock Transfer are not included in the calculations for ROS. This prevents the ROS from being artificially inflated. Likewise the transfers are not included in sales reports as they would adversely affect GP otherwise.

The Location Stock Transfer program produces a tax invoice & manifest to send with the goods being transferred. If your Target store has not been set up in the system please contact your Support Office.

Once a Stock Transfer has been sent the Customer Account will be charged, the Invoice will automatically preview ready to be printed and sent with the stock. Alternatively the user could email the Invoice if required.

Transferring Stock Out

To perform a Transfer of Stock to another Location, the store location must be already set up as a Store Transfer Account in Customer Details.

Please see here for guide on how to do this.

1. Open and Login to the POSWorks System Menu.

2. Navigate to Location Stock Transfer program.

3. Select New.

4. Enter the Target Location (Location stock is being transferred to).

5. Select Save.

6. In the grid, Enter the Item ID or Select Ellipsis to search and select items.

7. Enter the Transfer Quantity for each item in the Unit Qty Field.

8. Select Save.

9. Select Send provided everything is correct.

10. A Prompt message will appear - 'Are you sure you was to send Stock Transfer (#)? Yes/ No'

11. Select Yes. The store will be credited the stock value and a Tax Invoice will automatically be produced to send to the receiving store with the goods. The status of the transfer will now be displayed transmitted and the time / date will be logged against the transfer number.

12. Enter User ID and password.

13. Select Continue.

14. A Prompt message will appear. 'Stock Transfer (#) has been sent. OK'

15. Select OK. This will open PDF window displaying Stock Transfer Invoice

16. Select the printer icon to print. Package the stock and the paperwork together to send

Surcharge on Cost

Some stores load cost by 5-10% as a handling fee. These surcharges are entered into the Markup column of the Location Stock Transfer grid.

• Markup % can be added manually line-by-line against the individual items on the grid.
• To copy a Markup % entered against one line to the entire transfer click the curly arrow button in the markup column.