Revel POS and Xero
Inventory allows clients to keep track of their products. A starting inventory is set on the Management Console or Revel application. Then each time the products are rung up, it will deduct that amount from the inventory. This also pertains to online ordering as well, it will deduct from the same inventory as the POS.
Ingredient inventory works in the same way where when an item is rung up, the corresponding amount of ingredient is subtracted from the ingredient inventory. To learn how to create ingredients and assign it to products, click here.
Please visit the Inventory section for all articles pertaining to anything inventory related. To set your starting inventory, visit the Inventory tab on the Management Console or use item manage mode on the POS.
Inventory Settings
There are a number of settings that influence the way that inventory works. These are located in Settings -> Inventory Settings. Next to each setting, there is a question mark icon, which gives you Tips on the setting when you hover over it. Some of the important ones are:
- Use Inventory Cost – this means the product will use the cost from Inventory. The cost in Inventory is dynamic – if a product is purchased for a cheaper amount, an average is derived based from the current price per unit and the new cheaper price per unit. Make sure iPad are refreshed frequently for iPad to hold the most up-to-date pricing per item. To set up a time for the iPads to auto refresh, go to Advanced Settings and check on “Auto Refresh”.
- Example: Receive 10 bottles of soda for $10 = inventory cost will be $1/bottle. Then receive 10 bottles of soda for $20 = inventory cost will become $1.50/bottle because it averages the cost of the bottles.
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