Purchases allow you to add stock to your inventory, and can provide you with an overview of your costs and sales. When you want to add stock to your inventory, you start out by creating a purchase and adding the stock to a batch. In this guide, you will find out more about creating and managing purchases and batches.
Creating a purchase
When you want to add stock to your inventory, you should always start out by creating a new purchase. After navigating to the inventory page, you can click Create purchase at the top of the page. You can enter various information about your purchase when you create it.
| Date of purchase | You can specify the date when you bought the items. This is for your own administration. |
| Condition | This will determine the condition of the items that you will add to your inventory. If you are in the EU, Bricqer will automatically apply the margin scheme to used purchases. |
| Description | For example, you can specify the order ID or an internal reference for your own administration. |
| Purchase price | This is the price for which you bought the items. Based on the purchase price, Bricqer will calculate the average purchase price of all items in the purchase. This feature is especially helpful when you're a EU-based seller and want to use the margin scheme. The time until return on investment and your profits per purchase are also calculated using the purchase price you enter here. |
| Contact details | An essential aspect of administration is knowing the source of the purchase. You can enter the name or the address details of the seller you bought this item from. After you have successfully created the purchase, you can still view contact information regarding the seller. |
It is important to accurately set the condition of the purchase. The items you add to the purchase, will automatically inherit the condition of the purchase.
Purchase statistics
When you create a new purchase, or open an existing purchase, you will see all details regarding the purchase. Bricqer will automatically provide you with various purchase statistics. You can observe the number of batches, the count of unique products within the purchase, and the total quantity of all items added.
The administration section displays the purchasing price and selling price for all the items in this purchase. Given this data, Bricqer can determine the number of items you have already sold and calculate your profits and the time required until return on investment.
Creating batches
Within a purchase, you can create one or more batches. The concept of a batch is that you can split stock across multiple batches, and then put the stock online at specific dates. So, for example, let’s say you bought LEGO® in bulk. You can create two batches and enter half of the stock you bought into each batch. Then, you can plan a date for each batch to be put online, to keep your stock at a certain level. To a certain degree, you could compare it with stockroom functionality in other software.
By effectively utilizing purchases and batches, you can streamline your stock management process, maintain accurate records, and make informed decisions for your business.
Adding new stock to your inventory
After you have created one or more batches, you can add stock to them. Please refer to the following guides for more information.
