Guide Categories
Inventory Transfers
Move inventory between different locations or adjust stock levels within your business.
Overview
Inventory transfers document the movement of stock between different locations within your business, or adjustments to inventory levels. These transfers help maintain accurate stock records across multiple locations and provide audit trails for inventory movements.
Note
Inventory transfers ensure accurate stock tracking across multiple locations and provide proper documentation for inventory movements.
Creating an Inventory Transfer
To create a new inventory transfer:
- Navigate to the Inventory Transfers tab
- Click New Inventory Transfer
- Select the transfer type (between locations or adjustment)
- Choose the source and destination locations
- Add items to transfer with quantities
- Enter transfer date and reference information
- Save the inventory transfer
Types of Transfers
Location to Location
Move inventory from one physical location to another within your business
Stock Adjustments
Increase or decrease inventory levels due to counts, corrections, or other adjustments
Department Transfers
Move inventory between different departments or cost centers
Key Information Fields
| Field | Description |
|---|---|
| Date | Date of the inventory transfer |
| Reference | Transfer reference number |
| From Location | Source location for the inventory |
| To Location | Destination location for the inventory |
| Items | List of items and quantities transferred |
| Status | Transfer status (Pending, Completed, etc.) |
Best Practices
- Document all inventory movements for audit purposes
- Verify stock levels before and after transfers
- Use clear reference numbers for easy tracking
- Process transfers promptly to maintain accurate records
- Implement approval processes for large transfers
- Reconcile physical stock with system records regularly
- Keep supporting documentation for all transfers
Pro Tip
Regular inventory transfers help optimize stock distribution across locations and ensure products are available where needed most.