Understanding Stock Record Cancellation
When a stock record is cancelled, it cannot be reinstated. If the stock record was cancelled in error or needs to be re-entered, a new stock number must be created.
Key Points to Remember:
Stock Record is Permanently Removed
- Once cancelled, the stock record is no longer accessible and cannot be restored.
- Any associated details, such as purchase costs, sales status, and stock history, will be removed from active records.
Creating a New Stock Record
- If the vehicle or stock item still needs to be recorded, a new stock record must be created.
- A new stock number will be assigned, and all relevant details must be re-entered.
Impact on Linked Transactions
- Any purchase, sales, or work order history linked to the cancelled record will no longer be associated.
- Ensure any financial transactions or order processing are reviewed before cancellation.
Before Cancelling a Stock Record
To avoid unnecessary cancellations and the need for re-entry, always check:
✔ All costs are balanced and assigned
✔ The vehicle is de-consigned and unaccepted from stock
✔ The order is fully cancelled
✔ There are no outstanding invoices or payments linked
What to Do If a Stock Record Was Cancelled by Mistake?
- Recreate the stock record under a new stock number.
- Manually transfer relevant details (such as supplier, cost, and stock status) from available records.
- Ensure all financial and sales records align with the new stock record.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article