About inventory in Reckon One

Learn about inventory in Reckon One, a useful feature for businesses who want to track stock of items they buy and sell.

About inventory

The inventory feature in Reckon One allows you to track the items you buy and sell by recording and adjusting the quantity on hand and total value of each item. It's suitable for businesses that:

• buy and sell finished goods
• use the average cost method of tracking inventory.

To use inventory, you need to first turn it on in your Reckon One book. Then you can:

• create an additional product item called a Product (inventory) item
• add opening balance details to the item, such as quantity on hand and total value
• set a reorder point for your item, so that you can see items that are low in stock
• make stock adjustments
• use product (inventory) items in transactions (for example, bills to purchase inventory items and invoices to sell inventory items) and view them in specific inventory-related reports, such as the Inventory details report, Inventory valuation summary report, and more, depending on your Reckon One plan

Turn on inventory

To turn on inventory in your Reckon One book:

1. Click on the Settings icon (cogwheel in the top right), then select Settings.
2. In the Day to day section, select Items and Inventory.
3. Select the Inventory Tracking toggle to turn it on.

Read more

• You can now create an inventory item