Inventory
Use Inventory to record your business assets and inventory items — equipment, fixtures, or other valuables — together with their purchase price and depreciation. This page is not for sellable merchandise; merchandise stock is managed through the Stocks pages.
What this page is for
- recording assets with a name, buy date, and buy price
- tracking depreciation value, depreciation period, and current value
- marking assets as still owned or already sold
What you can review here
The inventory table shows Name, Buy Date, Buy Price, Current Value, and Status (Exist / Sold) columns. You can search by name, filter by status, and open Detail, Edit, or Delete from each row's action menu.
The Add/Edit Inventory form contains: Name (required), Buy Date, Buy Price, Depreciation Value, Depreciation Period, Current Value, and Status.
When to use Inventory instead of Stocks
Use Inventory when the question is about business-owned assets — what they are worth now and how they depreciate. Use Stocks, Stock In, and Stock Sold when the question is about merchandise moving in and out through sales.
Typical workflow
- record a new asset with Add Inventory right after purchase
- fill in the depreciation value and period so current value can be monitored
- update Current Value periodically to match the asset's condition
- switch the status to Sold when the asset is disposed of
Common inventory scenarios
- listing shop equipment with its purchase value
- reviewing an asset's current value after depreciation
- marking a sold asset so records stay tidy