Allocate Stock Transfer Accounts
YouTube: How to Designate Accounts for Stock Transfer Transactions?
How to Designate Accounts for Stock Transfer Transactions?
In this tutorial, we will learn how to allocate and manage Stock Transfer Accounts in Logic ERP. This feature allows businesses to designate specific accounts as stock transfer parties, enabling smooth stock movement between branches or locations.
Open Allocate Stock Transfer Accounts Window
First, navigate to the setup section where stock transfer accounts can be configured.
Navigation Path
Go to the Main Menu
Open the Setup Module
Expand Set Other Account Details
Click Allocate Stock Transfer Accounts
This will open the Stock Transfer Account Allocation window.
Select Account Type
At the top of the window, you will find the Choose Account Type dropdown.
Select the category of accounts you want to review or allocate for stock transfer.
Examples may Include:
Customer Accounts
Vendor Accounts
Other Account Categories
Once the account type is selected, the system displays two sections.
Understand the Account Sections
The screen is divided into two main sections:
Free Accounts
Displays Accounts that are not currently allocated for stock transfer.
Stock Transfer Accounts
Displays Accounts that are already allocated for Stock Transfer.
This layout helps users quickly identify which accounts are allocated and which are not.
Select Accounts for Allocation
Account Type Selected: Customer Account
The Free Accounts section will display all customer accounts that are not marked as stock transfer parties.
You can also use the Select Accounts option to search for specific accounts.
For this demonstration, we will allocate:
Logic ERP - Delhi
Logic ERP - Punjab
Verify Account Status Before Allocation
Before proceeding, let's verify the current stock transfer status of these accounts.
Navigate to Setup Module
Open Setup New Accounts
Check the following accounts:
Logic ERP - Delhi
Logic ERP - Punjab
As observed:
Both accounts are not marked as Stock Transfer Party.
Now return to the Allocate Stock Transfer Accounts window.
Allocate Accounts for Stock Transfer
Return to Allocate Stock Transfer Accounts window.
Select the Accounts:
Logic ERP - Delhi
Logic ERP - Punjab
Click Allocate
After Allocation:
The selected accounts are removed from the Free Accounts section
They appear under the Stock Transfer Accounts section
This indicates that the allocation process has been completed successfully.
Verify Allocation in Setup New Accounts
Go Back to Setup New Accounts
Check the same accounts again.
You will now observe:
Logic ERP - Delhi is marked as a Stock Transfer Party
Logic ERP - Punjab is also marked as a Stock Transfer Party
This confirms that the Stock Transfer Allocation has been Successfully applied.
View Stock Transfer Setting in Billing Window
You can also view this setting during billing.
Navigate to the Billing Window
Click Configuration.
In the configuration screen:
The Stock Transfer option will appear as enabled (Ticked)
This indicates that the selected account is configured for stock transfer.
If required, you can also untick this option to disable stock transfer for that particular bill.
Deallocate Accounts from Stock Transfer
Logic ERP also allows you to remove accounts from stock transfer allocation.
Let's Return to Stock Transfer Accounts section:
Select the Account you want to Remove
Example: Logic ERP - Delhi
Click Deallocate
Verify Deallocation
After clicking Deallocate:
The account will move back to the Free Accounts section
This indicates that the Deallocation process has been completed.
Now verify the changes again.
Go to Setup New Accounts
You will observe:
Logic ERP - Delhi is no longer marked as a Stock Transfer Party.
This confirms that the stock transfer allocation has been successfully removed.
Conclusion
Using the Allocate Stock Transfer Accounts feature in Logic ERP, businesses can:
Designate specific accounts as stock transfer parties
Manage stock movement between branches or locations
Easily allocate or deallocate accounts
Maintain accurate stock transfer records
This functionality helps ensure better inventory control and streamlined stock transfer management.
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