Items master data stores the basic information of every item including bio data of each item, stock quantity, and warehouse location and most importantly, items master data information can be shared in other transactional documents. It includes raw material, semi-finished goods and finished goods.
Fixed assets store all the details of fixed assets that the company holds according to their value and moreover, the company can find the value these assets. Depreciation is annually charged on those fixed assets.
Inventory transfer is used to ship items from one warehouse to another warehouse. Inventory transfer is used
when there are multi-warehousing and more than one warehouse is being managed by the company.
Physical movement of goods from the warehouse. In the result of goods issues, stock
will be decreased from warehouse.