13 | "Stock Loss" Till Function

This article covers an overview of the "Stock Loss" Till Function and how it is used within SmartPOS. The Stock Loss function can be used by an authorized Operator to enter Product waste. When Product Stock is entered as a Loss, the Product/s are deducted from Stock with no Sales data added, although the Costs will still be added to Cost of Sales. However, since there has been no Revenue Earned, this will be quantified as a Loss in Reporting.

This article covers an overview of the "Stock Loss" Till Function and how it is used within SmartPOS.

The Stock Loss function can be used by an authorized Operator to enter Product waste.

When Product Stock is entered as a Loss, the Product/s are deducted from Stock with no Sales data added, although the Costs will still be added to Cost of Sales. However, since there has been no Revenue Earned, this will be quantified as a Loss in Reporting.

Prerequisites

To access Stock Loss Features, the applicable Operator Privileges will need to be enabled

Operator Maintenance 'Till Privileges' Tab

General: "Operate Tills" Flag
General: "Stock Functions at Till" Flag

How-To Guide

To enter a Stock Loss, an Operator will first need to select Products and Quantities as they normally would for a standard Transaction
Highlight the desired product(s) and then select the Stock Loss Function Button, a prompt will appear to confirm that they would like to perform a Stock Loss; tap Yes to continue

A window displaying an alphanumeric keyboard will appear allowing the Operator to enter a description for the Stock Loss
After tapping OK to confirm the Stock Loss, the Stock Loss description information will briefly display in the Transaction Window before disappearing
A Receipt for the Stock Loss will be Printed from the Workstation's designated Receipt Printer showing each Product included in the Stock Loss as well as a field for the Operator to enter a signature