Our companys management wants to control stock levels, so we are looking for a system that can automatically update the inventory. Can the software do this?
Yes, HappyAccounts automatically updates stock quantities for each product when orders are shipped or merchandise is received. The inventory file reports on hand, committed, available and on order quantities. Our company imports materials and we have to place our purchase orders in foreign currencies. We have several vendors in different countries for the same material. Can we have prices in each of the vendors’ currencies? Yes. Each vendor is linked to a currency and each inventory or supply product may be linked to many vendors. HappyAccounts stores the purchase price in the currency of each vendor. Purchase Orders are issued to vendors in their currencies. When the merchandise is received HappyAccounts creates the payable at the exchange rate entered at the time of reception.
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