Warehouses
More than one warehouse, every sales or purchase invoice carrying its warehouse, and transfers between warehouses with their journal.
Inventory and manufacturing
Real inventory, not a quantity field on an item — and every movement has its journal
Warehouses, weighted-average or first-in-first-out costing, adjustments, counts and transfers, cost of goods sold posted with every invoice, and bills of material, build orders and kits.
Available from the Grow plan
Hosted in the Kingdom
On iPhone and iPad
Inventory value, the costing method, and every item's value by warehouse.
What it does
Inventory and manufacturing
Costing method
Weighted average by default, or first in first out; cost layers are kept per consignment.
Cost of goods sold with the invoice
When an invoice is issued, the cost of sales and inventory lines are written in the same journal, at the chosen method's cost.
Counts and adjustments
A physical count compared against the book that turns its variance into an adjustment, and a manual adjustment that carries its cost centre and reason.
A valuation that ties to the account
The inventory value in the report equals the inventory account on the balance sheet. If they differ, something is wrong, and the report says so.
Bills of material and build orders
A bill of material with sub-assemblies, and a build order that consumes components through a work-in-progress account and produces the item carrying its costs.
Kits that explode on sale
A kit is sold as one item and breaks into its components in stock, at their cost.
The item card
Every movement on the item — sale, purchase, adjustment, transfer, build, count — and the unit cost after each, on the phone too.
From inside the product
Real screens from Basmtak Books, with sample data.
How it flows
The life of an item
From definition to valuation, each step with its journal.
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Define the item and the warehouse
Stocked or service, its unit, and its inventory and cost accounts.
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Buy
The supplier bill adds a cost layer and writes inventory into the journal.
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Sell
The invoice takes the quantity out and posts cost of sales at the same moment.
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Count and adjust
Actual against book, and the variance is an adjustment with its journal.
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Compare
The valuation report against the inventory account — they must be equal.
Where it stops today
We write down what we have not built yet, so you do not discover it after subscribing.
- No disassembly of a completed build; what was assembled is not returned to its components automatically.
Common questions
Inventory and manufacturing
How is cost of goods sold calculated?
By the establishment's chosen method: the weighted average after every purchase, or the oldest layer first. The figure is written into the invoice's own journal, so no month-end adjustment is needed.
What happens when the physical count differs from the book?
Enter the counted quantities; the product shows the variances and raises an adjustment with its journal on the count-variance account, with a cost centre if you want one.
Is a kit an item in stock?
A kit is sold as one item at one price, but it is not stocked; on sale it explodes into its components, each leaving its own stock at its cost.
Start with your own items
Upload your item list and opening balances in the trial and watch the valuation tie to the account.
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