Neto and Xero

Neto is a Brisbane based e-commerce SAAS product that has most recently combined the shopping cart and perpetual inventory management solution into one platform. Neto is a great choice for a Australian based business as it provides a full featured system with all sorts of plug and play functionality.  It provides an auto sync to […]

What is just-in-time (JIT) inventory management and can it work for your business?

What is just-in-time (JIT) inventory management and can it work for your business? Imagine an inventory management system that requires minimal capital expenditure, low inventory levels, and high inventory turnover rates. That’s where just-in-time (JIT) inventory management comes in, a strategy where businesses receive goods only when they are needed in the production process. It […]

MYOB Inventory – You do not have enough of item xx to record this transaction OR the purchase of Item xx would value your inventory at less than 0.00

        I had a call from a client yesterday with the following question: 1.  We purchased 10 units of item 100 for $100 (average cost of $10 each) from supplier A.  We ended up returning these goods to the supplier as they were faulty.  In the meantime, we purchased 10 of these […]