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Things to make sure my starting inventory and product cost price in reports are accurate
Things to make sure my starting inventory and product cost price in reports are accurate
Gigi Nguyen avatar
Written by Gigi Nguyen
Updated over a week ago

Your products are critical for your business, your sales and reports rely on your product value so having complete data of your product is necessary. There are a few things in products you should pay more attention to. Follow this link if you don’t know how to add/import products to EMERGE App.

Product Name (required) – Specify the name of your product.

SKU – The unique code of your product, this is usually the SKU number. This code must be unique for every product.

Prices

  • Purchase Price: The default cost price of the product. When adding a new purchase order, the purchase price of the product will be auto populated when selected.

  • Selling Price: The default selling price of the product. When adding a new sales order, the selling price of the product will be auto populated when selected.

Default Location and Section – When creating transactions such as delivery order or stock receive, the default location and section will be auto populated. This value will take precedence over the default Location in the app settings.

Existing Stock – Available item quantity in your warehouse location

  • Stock on hand: Available item quantity in your warehouse location

  • Initial cost price: item cost price, it plays an important role in reports

If you import your product by uploading, you can see the fields in the example file

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