Stock card

Definition

A stock card is a sheet where basic information about a material is recorded, such as its name, location, the units in which it is stored, and any other necessary details used to identify the material or product. On the stock card, both additions and withdrawals of the given inventory are recorded with details such as the date, the document by which it was purchased, and the cost of the inventory.

In the case of any stock card, entries are divided into whether it concerns a receipt or an issue.

Receipt

Used to record the receipt of multiple inventories. When purchasing various types of inventory, you receive a single invoice based on which you create one receipt. It contains details such as the name of the inventory, quantity received, unit price, and total price.

Issue

Used to record the issuance of multiple inventories and is created when inventory leaves the warehouse. The most common reason is sale to a customer. It contains the same information as the receipt. Using stock cards, we maintain warehouse records. Warehouse records provide information about the movement of goods into and out of the warehouse.

Stock card templates may vary. There are many online sources offering different designs. It depends solely on your needs which one you choose.