userguid/PRODUCT EXPIRY AND RELATED SETTINGS.txt

PRODUCT EXPIRY AND RELATED SETTINGS

Enabling expiry for products
1.To enable expiry go to Settings -> Business Settings -> Product section. And check the �Enable Product Expiry� checkbox.

2. On enabling Product expiry, you can choose either �Add Item Expiry� or �Add manufacturing date & Expiry Period�

�Add Item expiry� => Choose this option if you want to directly add the expiry of the item in purchase screen.
�Add manufacturing date & Expiry date� => Choose this option if you want to add the manufacturing date of the item and the expiry period. Based on the manufacturing date and expiry period it will auto-calculate the expiry date. And this expiry date can be edited. You will have to add expiry period for the product in �Add or Edit Product� screen. And the manufacturing date in �Add Purchase� screen.
3. �On Product Expiry� => With this option you can set what the system should do when a product expired.

�Keep Selling� => Choose this option if you want the application to keep the selling the product even after expiry.
�Stop Selling n days before� => Choose this option to stop selling the item n days before the expiry. You will have to specify the value of n (which is number of days before to stop selling)
4. �Stock Accounting Method� => This feature is used to set the way product should be sold.

more deatails link : https://help.storemate.cloud/docs/product-expiry/

FIFO (First In First Out) => In this the old stock should be sold first.
LIFO (Last In First Out) => In this the most recent purchase stock should be sold.
For an Example:1. Purchase 20 pcs of product A on 20 March 2018. Expiry date 10 April 20182. Purchase 20 pcs of the same product  A on 23 March 2018. Expiry date 8 April 20183. Today I sold 22 pcs.If the �Stock Accounting Method� is FIFO => Then the Product purchased on 20 March 2018 will be deduced with 20 pcs and after that product purchase on 23 March 2018 will be deduced with 2 pcs.So in stock, we will have products from 23 March 2018 with 18 pcs.If the �Stock Accounting Method� is LIFO => The opposite of the above will happen.NOTE: You must set the required accounting method before selling the item for that accounting method to be used.

Stock Expiry Report:
1. Go to Reports => Stock Expiry Reports.2. Here you can filter stock �Category�, Brands, �Stock expiry date�3. Click on �Edit� to modify the stock left and expiry period.4. If stock left is decreased the unit purchase price is adjusted accordingly.

Stock Expiry Alert:
You can view stock expiry alert in Homepage bottom section. Here it shows a list of products expiring soon.� You can set the number of days before which the expiry alter should be shown in the Homepage from �Settings -> Business Settings -> Dashboard Section� View Stock Expiry Alert For input fie