Product Expiry and Related Settings
Video Guide
For a detailed walkthrough, watch the video below:
Detail Guide
To enable and configure product expiry settings, follow these steps:
Steps for Enabling Product Expiry
- Go to Settings → Business Settings → Product section and check the Enable Product Expiry checkbox.
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On enabling Product Expiry, you can choose either:
- Add Item Expiry: Choose this option to add the expiry date directly in the purchase screen.
- Add Manufacturing Date & Expiry Period: Use this to enter a manufacturing date and expiry period. The system will calculate the expiry date, which can be edited if needed. You must set the expiry period in the “Add or Edit Product” screen and the manufacturing date in the “Add Purchase” screen.
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On Product Expiry allows you to set the action when a product expires:
- Keep Selling: Continue selling the product even after expiry.
- Stop Selling n days before: Set the system to stop selling the item a specified number of days (n) before the expiry date.
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Stock Accounting Method defines how products are sold based on stock:
- FIFO (First In First Out): Old stock is sold first.
- LIFO (Last In First Out): The most recent stock is sold first.
Example: If you purchase 20 pieces of Product A on March 20 (expiry date: April 10) and another 20 pieces on March 23 (expiry date: April 8), selling 22 pieces will reduce the stock in FIFO or LIFO order depending on your chosen method.
Note: Set the required accounting method before selling to ensure the correct accounting method is used.
Stock Expiry Report
- Go to Reports → Stock Expiry Reports.
- Filter stock by “Category”, “Brands”, or “Stock Expiry Date”.
- Click “Edit” to modify stock levels or expiry periods.
- When stock levels decrease, the unit purchase price adjusts accordingly.
Stock Expiry Alert
View stock expiry alerts in the homepage’s bottom section, where you can see products nearing expiry. Set the number of days before an expiry alert appears in Settings → Business Settings → Dashboard Section.