Pandle Update: Include a Reason When Writing Off Stock

Sometimes, no matter what you do, things don’t go entirely to plan. The same can happen in your business, the items which your business has in stock can become damaged, lost, or even stolen. When that happens it’s essential to update your accounts, and write those items off to show you can no longer sell them.

Writing-off items that you’re unable to sell keeps everything organised, but we wanted to make things even clearer. Which is why we’ve updated our Items feature, so that you can now include a reason to explain why stock is written off!

Managing your stock in Pandle

Our Items feature is a complete stock control and inventory management tool for the products and services which your business buys and sells. You can use the items that you create in Pandle to quickly populate invoices, and even set items as ‘tracked’ to automatically update physical stock information.

Writing off stock

If you ever need to write off an item of stock, simply head over to Tools in the navigation menu, and select ‘Items’.

Then select the ‘Tracked’ tab to view items which are available to write off.

Click on the ‘Write-off’ button next to the relevant item.

Now you will need to confirm the date and quantity of items in the Item Write-Off pop-up.

Our new update means you can now include a reason for the write-off, too! That way, you don’t have to try and remember what happened to these items, and anyone else in your business can see exactly what happened too, even if it’s just your naughty hat-eating dog!

The stock value will automatically adjust in the ‘Stock Written Off’ category and in your tracked items. That way you can review changes to your stock levels, and monitor any trends which can help to reduce wastage in the business. Though hopefully hat-eating dogs aren’t a regular occurrence.

Learn more about using Pandle to make business accounting easier. Create an account today and decide what to do with all the extra time you get back.