RetailEdge Discussion Forums
Retail Point of Sale Software & Inventory Management System

POS procedures for year-end excess inventory liquidation

Program Use, User Questions, Etc.

Moderator: Moderators

New User
New User
Posts: 4
Joined: Tue Feb 28, 2012 3:05 pm

POS procedures for year-end excess inventory liquidation

Postby gamedaydepot » Sun Feb 12, 2017 6:20 pm

Hi. I've searched for but haven't been able to find guidance on the best way to handle the liquidation/donation of excess inventory at year end in RetailEdge. I assume it starts with using the PICs file to gather the items that will be donated, but I don't know whether to update that directly to the inventory table, to the receiving table, to a purchase or transfer order, or to do something else with it. We'll want a record of the items going out the door of course.


User avatar
RetailEdge Moderator
Site Admin
Site Admin
Posts: 1282
Joined: Mon Jan 23, 2006 4:02 pm
Location: Rutland, VT

Re: POS procedures for year-end excess inventory liquidation

Postby RetailEdge Moderator » Mon Feb 20, 2017 12:29 pm

How you treat inventory changes really depends on how you want to show this on your reports.

A couple of ways to handle donations.

1. Sell the items to a "Donation" customer, at $0 (or some discounted price). You can use discount rules if you think this will help your clerks make the right discounts.

2. Add the items to a Purchase Order (Donation, Chuck Over the Bank, Marketing, etc.) with a negative quantity and then receive those items. This will remove them from your inventory, keep a record of what was given to Donations, and will not negatively affect your sales margins.

Either way works.

Return to “RetailEdge 8 - General Topics”

Who is online

Users browsing this forum: No registered users and 2 guests