How does Trade In function works (for Retail)

The trade in function is built purposely for phone shop who sell new phone and accept trade-in of old phone. Even if your business is not a phone shop but your need can be catered by this feature, you are welcome to use.

A. How Trade-In Function Works?

Customer will purchase new phone at a market price. Then, he/she will trade his/her old phone. Example, new phone cost RM1,000. The old phone cost RM400. Net gain is RM600 plus stock on traded phone will increase by one unit.

System will perform the following entry:
1. Add new phone sales price at RM1,000 and minus the stock balance of the new phone.
2. Then, it will buy back the old phone at -RM400 and add stock balance of trade-in item.

B. How to Perform Trade-In Steps

Step B1 - Sell new product first
Go to F2 --> POS or Sales --> Open Sales. Enter or Scan or Select the NEW product to be purchased by customer. Complete the transaction until receipt is issued.

Step B2 - Enter Trade-In item
Go to F2 --> Sales --> Trade-In --> Enter or Scan or Select or Add the item to be traded with (or known as Buy Back). Complete the transaction until receipt is issued.

Step B3 - To confirm the transaction
Go to Merchant's Website. Check at:
1. Sales & Distribution --> Transaction --> Sales Details --> By Store
2. Material Maintenance --> Stock Maintenance --> Report --> Stock Movement

SAMPLE OF THE TRADE-IN TRANSACTION

Issuance of 2 receipts - New & Trade-In

Sales Details Report

Stock Movement Report