Omni Accounts Inventory Control Module provides for Multiple Stock Warehouses and is the ideal solution for those businesses with geographically separate physical stock warehouses or for those businesses with multiple virtual warehouses, where stock is held in different areas, dependent on its state, e.g. Raw Material vs. Finished Item.
In the event that you are making use of Multiple Company Branches, it will be possible to define branches to which a warehouse can be added.
Multiple Stock Warehouses goes so far as to enable you to set individual default Stock on Hand, Revenue Accounts and Purchases accounts per stock warehouse. In the event that inter-company transfers are being used, you will be able to nominate a Nominal Ledger variance account which will be used to post the difference in cost prices when transferring stock.
Omni Accounts will also enable you to set differing Cost Prices per Warehouse.
In the event that you wish to move a stock item between warehouses, you will be able to make use of Omni Accounts Inter-warehouse Documentation System which produces requisition and transfer documents to fully control the movement of stock between warehouses. You are also able to print reports to show movements and optionally control cost prices between warehouses as well. In the event that stock is transferred to the incorrect warehouse, you can make use of Omni accounts Warehouse Transfer Reversal which will also ensure that the Nominal Ledger transactions are correctly reversed as well.
One of Omni Accounts many standard features is its ability to store unlimited transaction history. This offers great advantages in terms of stock control in that through the Stock Master File, you will be able to interrogate any historical records relating to the Stock Item for however long you have been processing on Omni Accounts.
In addition, Omni Accounts is sold inclusive of an array of stock-related reports, including Stock Valuation Reports, Stock Listings, Stock Levels and Availability, Stock Re-Order Reports, Stock Audit Trails, Stock Decanting Reports, Stock Recipe Reports, Inter-Warehouse Requisition Analysis Reports, Warehouse Transfer Analysis and Warehouse Transfer Reversal Analysis.
Omni Accounts Stock Control Module also enables you to create links between a stock item and the suppliers of that item. These links, referred to as Supplier Cross References are a method which enables you to setup a relationship between the stock item codes used in your Omni accounts company and the stock codes used by the suppliers that supply your company. These relationships enable you to process supplier documents, where instead of having to enter the Omni Accounts Stock Code you can use the Supplier’s Stock Code which is often on the documents you receive from your supplier. In conjunction with Supplier Cross References you can then also use Supplier Price Lists to hold various prices of items from suppliers.