03 - Setting up your Inventory App

To ensure a smooth setup experience and accurate financial reporting, we recommend following the configuration steps in the order listed below. Each step links to a detailed section/document to guide you.

Step	Folder Name	Description	Link
1	Organization Setup	Set Company Information, Multi-Currency and User Access Controls.
2	Multi-Ledger Setup (Entities)	Define separate ledgers/entities for multi-entity accounting.
3	Chart of Accounts	Set up the account structure for financial transactions.
4	Customer and Vendor	Create and manage customers and vendors used in sales and purchase transactions.
5	Products	Define products, SKUs, and services with details like UoM, categories, and pricing.
6	Warehouses	Configure warehouse locations to track inventory movements and stock levels.
7	Purchases	Record purchase orders, goods receipts, and vendor invoices for procurement management.
8	Sales	Manage sales orders, shipments, and invoices for customer fulfillment.
9	Production	Track work orders, raw material consumption, and finished goods production.
10	Cost Allocation	Allocate landed costs, overheads, or adjustments to products for accurate valuation.
11	Cycle Counts	Conduct inventory cycle counts to reconcile physical stock with system records.
12	Stock Levels	Monitor stock balances, set reorder points, and track shortages/excesses across warehouses.
13	Reports and Dashboard	View, customize, and analyze inventory reports and dashboards for actionable insights.