Stock Input & Receiving Inventory

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Stock Input & Receiving Inventory

StockIn1

 

 

MLS 2026 provides a comprehensive:

👉 Stock Input system

for:

•receiving inventory

•updating stock quantities

•processing Purchase Orders

•applying parts to workorders

•updating accounting

•maintaining inventory costing

throughout the business.

Although inventory quantities can technically be adjusted manually:

👉 the Stock Input system is the preferred method

because it automatically handles:

•inventory valuation

•average cost calculations

•Accounts Payable posting

•workorder integration

•inventory history

•backorder tracking

•General Ledger posting

with far greater accuracy and efficiency.

The Stock Input system is tightly integrated with:

•Purchase Orders

•Inventory

•Workorders

•Accounts Payable

•General Ledger

•Vendor Tracking

within MLS 2026.


Two Methods Of Stock Input

Inventory may be received:

•from an existing Purchase Order

or

•directly from a vendor invoice

without a Purchase Order.

Both methods use the same:

👉 Stock Input processing system.


The Stocking Items Tab

The first screen displayed is:

👉 Stocking Items.

This tab is used to:

•verify received quantities

•update pricing

•process backorders

•add additional items

•review incoming inventory

for the shipment being received.


Loading Purchase Orders

If inventory was ordered through:

👉 Purchase Orders

the Purchase Order may be selected from:

•the available list

or

•the lookup search control.

Once selected:

👉 all outstanding items

from that Purchase Order are displayed automatically.


Receiving Inventory

For each inventory item:

👉 highlight the line item

then enter:

👉 the quantity actually received.

Example:

If:

•20 units were ordered

and

•10 arrived

then:

👉 enter 10 as Received.

MLS 2026 automatically places:

👉 the remaining 10

on:

👉 Backorder.


Cancelling Remaining Backorders

If the remaining quantity:

👉 will NOT be shipped later

simply change:

👉 Backorder

to:

👉 0.

This closes the outstanding balance for that item.


Verifying Vendor Pricing

During Stock Input:

👉 always verify:

•vendor pricing

•actual invoice cost

•retail pricing

against the shipment invoice.

The:

👉 Actual

field should reflect:

👉 the true vendor cost.

The:

👉 Retail

field may also be updated immediately if pricing has changed.

When adjusted:

👉 the inventory record is automatically updated.

This helps maintain:

•current retail pricing

•accurate profitability

•proper inventory valuation

throughout MLS 2026.


Adding Additional Inventory

Additional parts may be added during Stock Input even if:

👉 they were not originally on the Purchase Order.

This is especially useful when:

•vendors substitute items

•additional parts arrive

•emergency additions are included

•extra inventory is purchased

within the same shipment.


The Totals Tab

Once all inventory items are processed:

👉 select the:

•Totals tab

to complete:

•invoice totals

•shipping charges

•tax information

•accounting details

for the receipt.


Totals Automatically Calculated

MLS 2026 automatically calculates:

•total parts cost

•total core cost

•vendor subtotal

•overall inventory totals

based on the inventory entries.

These values should normally NOT be manually edited.

If corrections are required:

👉 adjust the individual inventory line items

rather than changing totals directly.


Additional Totals Information

Normally the following fields require manual entry:

•Shipping Charges

•Prepaid Tax

•Vendor Invoice Number

These values are taken directly from:

👉 the vendor invoice.


Multiple Receipts On The Same Purchase Order

Purchase Orders may be revisited multiple times.

Example:

•first shipment partially arrives

•remaining items stay on backorder

•additional shipments arrive later

When the Purchase Order is reopened:

👉 MLS 2026 displays only:

•the outstanding backordered items.

Receiving then continues normally.

This greatly simplifies:

•partial shipments

•delayed deliveries

•ongoing vendor fulfillment

within the purchasing workflow.


Receiving Parts From Purchase Orders

When:

👉 Stock Input

is selected:

👉 MLS 2026 first asks whether the inventory belongs to:

•an existing Purchase Order.

If:

👉 Yes

the Purchase Order number may be:

•entered directly

or

•selected from a lookup list.

All remaining Purchase Order items then display automatically.


Receiving Parts Without Purchase Orders

If inventory was not ordered through:

👉 a Purchase Order

select:

👉 No

when prompted.

The Stock Input screen will open blank, allowing:

👉 manual entry

of:

•vendor information

•inventory items

•pricing

•quantities

directly from the invoice.


Stock Input Display Tabs

The Stock Input system contains:

👉 two primary tabs.


Stocking Items Tab

Displays:

•inventory items

•receiving quantities

•vendor pricing

•workorder assignments

•inventory details


Totals Tab

Displays:

•invoice totals

•accounting totals

•shipping charges

•General Ledger assignments

•vendor invoice information


Control Buttons

The Stock Input window contains several important controls.


Save

Used after:

•adding

•editing

•modifying

inventory records.

⚠️ Always Save after changes.


Add

Used to:

👉 add new inventory items

to the receiving list.


Delete

Removes:

👉 the highlighted inventory line item.


Exit / Process

Used only after:

👉 all receiving activity is complete.

This button:

•processes inventory

•updates accounting

•posts General Ledger entries

•updates Accounts Payable

•adjusts inventory quantities

throughout MLS 2026.


Inventory Receiving Fields

Each Stock Input line item contains important receiving information.


Vendor

Enter:

👉 the vendor's Accounts Payable account number.

MLS 2026 automatically displays:

👉 the vendor name.


Date

Defaults to:

👉 today's date

but may be edited if necessary.


Item

Displays:

•part number

•description

for the inventory item.

If the part already exists:

👉 MLS 2026 retrieves:

•descriptions

•inventory history

•pricing data

automatically.

If not:

👉 descriptions may be entered manually.


Workorder Assignment

If inventory should immediately transfer to:

👉 a workorder

enter the:

👉 workorder number.

If left blank:

👉 inventory is added to stock.


Taxable & Core Flags

These fields identify whether:

•sales tax applies

•core processing applies

to the inventory item.


Core Charge

Enter:

👉 the core amount

associated with the inventory item if applicable.


Commission

If a commission applies:

👉 enter the employee code

to associate commission activity with the part sale.


Environmental Charges

Environmental or hazardous waste fees may be assigned:

👉 per item.

Enter:

👉 the amount per unit

rather than the total invoice amount.


Department Assignment

If the part applies to:

👉 a specific workorder department

enter the department code.


Ordered / Received / Backorder

MLS 2026 tracks:

•quantities ordered

•quantities received

•outstanding backorders

automatically.

Backorders are calculated whenever:

👉 Received is less than Ordered.


P/O Price vs Actual Cost

The system displays:

👉 the Purchase Order price

or:

👉 last known vendor cost

as a default.

Always verify:

👉 the Actual cost

against the vendor invoice.


Retail Pricing Updates

Current inventory retail pricing is displayed automatically.

If pricing has changed:

👉 enter the new Retail value.

MLS 2026 updates:

👉 the inventory record automatically.


Totals Processing

The Totals tab summarizes:

•parts totals

•core totals

•shipping charges

•taxes

•invoice totals

for the shipment.


General Ledger Integration

MLS 2026 also processes:

👉 General Ledger postings

during Stock Input.

Typical account usage includes:

•Inventory Asset accounts

•Parts Expense accounts

•Accounts Payable liability accounts

•Shipping Expense accounts

•Tax accounts

This creates:

👉 complete accounting integration

throughout inventory processing.


Processing Inventory

When:

👉 Exit / Process

is selected:

👉 MLS 2026 automatically:

•updates inventory

•updates costing

•applies parts to workorders

•updates Accounts Payable

•posts General Ledger activity

•updates Purchase Orders

•adjusts inventory quantities

throughout the system.


Printing Labels

After processing:

👉 MLS 2026 may print:

•inventory labels

for newly received items.

The operator may:

•specify label quantities

•skip unused labels

•choose starting label positions

to avoid wasting label sheets.

Many businesses use:

👉 removable duplicate labels

to:

•place one on inventory

•place another on the workorder copy

for billing verification and inventory auditing.


Summary Reports

MLS 2026 may also print:

👉 a Stock Input Summary Report

listing:

•all received inventory

•quantities

•costs

•pricing

•receiving totals

This report is frequently used as:

•an audit tool

•receiving verification

•accounting support documentation

within the business.


Why Stock Input Matters

The Stock Input system is one of the most important inventory control functions within MLS 2026.

It helps ensure:

•accurate inventory quantities

•proper inventory valuation

•correct accounting

•current pricing

•workorder accuracy

•vendor accountability

while greatly reducing:

•manual calculations

•duplicate data entry

•receiving mistakes

•inventory discrepancies

throughout the operation.


Recommended Best Practices

•Always use Stock Input for receiving inventory

•Verify Actual vendor pricing carefully

•Update Retail pricing when costs change

•Process backorders consistently

•Use Purchase Orders whenever possible

•Apply special-order parts directly to workorders

•Review inventory totals before processing

•Never manually adjust inventory costing when receiving stock

•Print receiving summaries for audit purposes

•Maintain accurate vendor invoice numbers

•Review General Ledger account assignments periodically

•Use inventory labels for improved stock organization


Recommended Companion Sections

This section works closely with:

•Purchase Orders

•Inventory Editor

•Inventory Costing

•Vendor Management

•Workorders

•Accounts Payable

•Pricing Tables

•Stocking Parts

•Non-Stocking Parts

•Inventory Reports

•General Ledger Integration

Together, these sections provide a complete inventory receiving and purchasing workflow system within MLS 2026.