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Whether you stock a boutique selection of products, a broad variety of ranges or brands, or you have your own retail line, managing your retail products in Timely is a breeze. With Timely, you can easily add your retail products, sell them to clients on their own or with appointments, manage stock levels and track product (and staff) performance. In this guide, you will find an introduction to tracking stock with Timely.
How to view stock change history
Every stock adjustment action will be recorded and viewable through the product history. The staff member who made these changes will also be included. To view the stock change history, go to the history section when editing a product. Whenever stock levels are changed, associated sales will be checked and the stock levels will be offset against these manual adjustments.
Timely note: when you add a product to an invoice, the stock level will be decreased accordingly once the sale is completed. Product sales will not show up as stock adjustments in the history.
How to report on stock levels
When it comes to tracking your stock levels, you have a couple of reporting options. These reports can be found by heading to the reports tab. There are two options:
Stock levels report
To view a list of all of your retail products and their current levels, choose the stock levels report (in the financial reports section). You can then select a location and click the view report button to generate the report.
The report will show you a summary of your current stock levels across your locations, as well as a detailed list of products. You will be able to view the quantity of stock available, the alert threshold, as well as the prices and value of stock on hand.
Timely note: this report can only be run for today's date, so it's not possible to view this report for a past date. We recommend regularly exporting this report in its current state, if you require that information for future list e.g. run the report on the first day of every month.
Stock movement report
The stock movement report allows you to track any changes in stock levels within a certain date range. This gives you a list of all your retail products and internal stock, then details their starting level and any increases or decreases during that date range.