What is the Inventory Ledger in TapGoods PRO?
TapGoods PRO offers an Inventory Ledger that can be utilized to track Inventory transactions along with changes to any Inventory in TapGoods PRO. Keeping track of inventory is crucial for rental companies to maintain efficient operations and profitability.
TapGoods PRO's Inventory Ledger is a powerful tool that can help rental companies track inventory transactions and changes in real-time. You can update the Inventory Ledger from two places:
The Inventory Ledger Report
The Inventory Ledger Report is located under the Admin tab of the TapGoods PRO menu..
To navigate to the Inventory Ledger, follow the steps listed below.
- Hover over Admin on the TapGoods PRO menu.
- Scroll down to Reports and click on Inventory.
On this page, you can review each piece of Inventory, their current Quantity, and past changes that have taken place underneath the current Quantity.
Additionally, you can review the following columns on the Inventory Ledger Report:
- Purchase Date: When Inventory is added to your account, the date that the Inventory was purchased appears in this column.
- Purchase Price/Item: If you choose to enter a cost while adding Inventory to TapGoods PRO, the cost of the Inventory is reported in this column.
- Total Purchase: The amount of money entered into the Cost field when you Add Items using the Inventory Ledger in the Item Details page.
- Sold Date: When Inventory is removed from your account and sold, the date that the transaction took place is listed here.
- Sold Price: When Inventory is removed from your account and sold, the total money earned through selling it is tracked in this column.
- Gross Value: The sum of the Total Purchase columns.
The Inventory Ledger can be filtered by clicking on the Filter button. This report can be Filtered by Date, which limits the changes appearing on the Report to changes that took place during the time range inputted.
If you want to print the Inventory Ledger Report at any time, click on the Printer icon at the top right-hand side of the page.