Stock Closing Entry
Stock Closing Entry The closing stock value and quantity for a desired time span are entered through ERPNext’s Stock Closing Entry (v16+). It comes in handy for making reports more effective and faster related to stocks. It eliminates the necessity to repeatedly calculate stock balances from the Stock Ledger by acting as a […]
Leave Allocation
Leave Allocation Leave Allocation allows you to provide an Employee with a specified number of leaves of a specific type. To access Leave Allocation, go to: Home > Human Resources > Leaves > Leave Distribution 1. Requirements It is wise to prepare the following documents prior to creating a Leave Allocation Employee Leave Type Leave Period […]
Asset Capitalization
Asset Capitalization The Asset Capitalization functionality in ERPNext delivers an enhanced and systematic method of converting stock items and existing assets into a new composite asset, along with maintaining full traceability and financial accuracy. This feature is particularly handy when companies are constructing advanced assets—such as machinery or equipment—from various components or aggregating previously capitalized assets into […]
Stock Reposting Settings
Stock Reposting Settings Stock Reposting Time Limit If you wish to run Stock Reposting Settings during a specified time window, tick this box. When reposting during peak working hours, this helps prevent deadlock problems. Limits Are Not Applicable To If you want reposting to happen all day, use this […]
POS Invoice Consolidation
POS Invoice Consolidation Through POS Invoice Consolidation, ERPNext Version 15 optimises the Point of Sale (POS) system for speed and scalability. Sales made during a POS session no longer instantly update the stock and accounting ledgers in order to improve performance. Rather, each transaction creates a POS invoice, an intermediary document that is posted to […]
Migrate To Perpetual Inventory
Migrate To Perpetual Inventory In the present system, perpetual Inventory Valuation is activated automatically. In case you have already prepared for the Periodic Inventory Valuation method and wish to upgrade to the perpetual Inventory Valuation system, follow the following steps: 1. How to Migrate to Perpetual Inventory To allow Perpetual Inventory, a proper alignment […]
Activity Cost
Activity Cost An Activity Cost in ERPNext captures the per-hour billing and costing rate for every employee, assigned to a particular Activity Type. This allows proper computation of labor costs and billing for every time entry in a project. These rates are automatically pulled whenever employees enter time in timesheets, so that project expenditures and billing […]
Change Valuation Method
Change Valuation Method The Change Valuation Method specifies how ERPNext will compute the value of stock of items upon making inward/outward transactions. ERPNext has the following methods supported: FIFO (First In, First Out): Applies the cost of the oldest stock first. Moving Average: Applies the average cost of all stock available after each inward transaction. […]
Salary Structure Assignment Tool
Salary Structure Assignment Tool You can create a uniform pay structure for multiple employees using the Salary Structure Assignment Tool. This feature enables you to offer a single pay plan to a large number of consumers simultaneously. It saves the payroll and HR staff a great deal of time and keeps everything the same. […]
Bill of Materials
Bill of Materials On the latest ERPNext, the Bill of Materials (BOM) is an important master document utilized to detail the entire make-up of a manufactured product. It comprises all the raw materials, sub-assemblies, operations, and quantities needed to manufacture a finished product, and acts as the basis of production, costing, and inventory planning activities. The […]
