Please see New Accounting Concepts.
A key objective of Retail Express is to manage the Journey of Stock in a retail business and our mission is to simplify, streamline, and innovate core retail functions. We are upgrading how you create Purchase Orders, the visibility and management of incoming stock, and to make receiving stock and reconciling Supplier Invoices easier.
Features at a glance:
- Use the new PO Items grid, easier than ever to manage your products.
- Swap between Invoice and Stock Receipt views.
- Create multiple stock receipts and invoices against a single Purchase Order.
- In a subsequent release we'll be introducing the ability to receive stock and make it available, and later, apply this invoice.
- New API Endpoints added to the Retail Express REST API to allow access to PO and Stock Receipt related data. For Full details, visit: API Documentation
A new-look PO Items Page!
We've introduced a new page layout for managing your purchase order items. This new page includes column filtering, custom column layouts, key dates and PO details as well as a brand-new advanced search feature. We also allow you to bulk edit, bulk cancel and bulk-reorder your items right from within the PO Item grid.
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Predictive search (Quick Search)
Searches across all fields, including all Codes, Attributes, Product Type, etc. Prompts to add the quantity when you add the product.
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PLU Scan
You can now continue to scan products to increase the quantity on the purchase order, instead of only being able to scan a product once and add the quantity manually. -
Advanced Search
You can add the products, including price and quantity, and then return to the Purchase Order New Fields. -
Bulk Action Buttons
You can choose from the bulk actions: Cancel Remaining, Re-Order Remaining and Delete.
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Bulk Edit
You can edit multiple edits at a time with a new bulk edit feature that allows a variety of changes to be applied to PO items.
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Column Menu
You can select which PO Item fields you would like to see on the PO window.
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Filters
You can choose to display only specific products on your PO by entering information into the field and using the options.
New Stock Receipt & Invoicing Workflow
A new-look Stock Receipt and Invoice Page
We've introduced an entirely new stock receipt and invoice page. With collapsable sections, a custom column menu and advanced PLU Scan controls, the new page brings a world of efficiency and improvement to the previous stock receipt workflow.
You can now select between different "Views" to customise the layout based on your process (Stock Receipt or Invoice) or customise which columns are displayed to your needs.
- Stock Receipt is focused on Products and Quantities. In this view, the quality columns are visible but costs are not displayed by default.
- Invoice Detail is focused on Invoice Details and Costs. In this view, the costs are visible but the quantity columns are not displayed to save space and clutter on the page.
- Make Available Button is designed to receive the goods into available stock now, ready for sale. You can then come back and review/add/adjust any invoice costs and details before "finalising". This can be done later any any stage and we adjust/revalue the stock accordingly. Any goods already sold out but have a cost change from the original received price, are posted as a variance, View Detalis.
- Note - You can skip straight to finalising if you have all the details at hand, the Make Available step is entirely optional.
- Finalise Button completes the second step of the receipt/invoice process and closes this stock receipt. For Accounting Integration users, this will then generate the accounting document/bill for payment to suppliers. Invoice costs/details cannot be updated after finalisation.
Rounding Adjustment Field
We've introduced a concept that allows you to specify a rounding value to ensure the bottom-line invoice total lines up with what you're entering into Retail Express. This ensures the supplier invoice generated in your accounting data will match your invoice from the supplier, down to the very last cent!
For more details see: Stock Receipt & Invoicing article.
Ready to begin using the new features? Please refer to Create a Purchase Order to get started!
Questions? Contact our team at support@maropost.com now!