In-transit inventory consists of goods moving between locations such as a supplier, warehouse or distribution centre. Those goods have not yet become operationally available at the receiving location.[1]
Track quantity, destination and expected arrival separately from received stock. Whether goods in transit belong in the merchant's accounting inventory requires a separate assessment of the contract and accounting rules. A tracking update alone does not establish operational availability, ownership and valuation at the same time.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.