FAQ - What is the Difference between On-Hand and Available? (2024)

FAQs

FAQ - What is the Difference between On-Hand and Available? ›

Print. Stock, supplies, and customer goods may have inventory assigned to On-Hand and Available. On-Hand refers to all the inventory that is physically available. Available refers to the inventory that is available after fulfilling any allocations for current order items.

When an order is completed, the reserved quantity will be deducted from the on-hand total. When an order is canceled, the reserved quantity will be allocated back to the on-hand total. "Available" refers to the quantity that is currently available for customers to purchase (total on-hand minus reserved).

if money, resources, etc. are on-hand, they are available immediately: Banks are required to have certain levels of cash on-hand at any time.

On Hand is how many are currently stocked. Available is On Hand minus quantities reserved across Acctivate for various open transactions such as sales orders, assemblies, and transfers.

Stock On Hand: The amount of stock you physically have of something. For example, you have 12 gold earrings in your stock room. Stock Available: The amount you are able to sell.

'On hand' means you have the requested or necessary item on your person. A: Do you have a pen? B: Yes, I have one on hand, here in my pocket. 'At hand' means the item is within your reach.

phrase. (Retail: Merchandising) Goods on hand are physically present, for example in a stock room or on display. Last week there were only 5 units, the last we had in stock, but I'll check if we have more stock on hand now.

Quantity on Hand refers to the total number of items physically present in the inventory, which includes items committed to orders. Quantity Available, however, is the total inventory minus the Quantity on Hand that is already committed to orders, showing what is actually available for new sales.

phrase. If someone or something is on hand, they are near and able to be used if they are needed. There are experts on hand to give you all the help and advice you need.

On hand is if you have something in stock. And in hand can be used as if you have more time at your disposal. word-choice.

What is quantity of goods on hand and are available for sale? ›

Merchandise inventory (or inventory) is the quantity of goods available for sale at any given time.

Quantity on hand is an inventory management term that describes the number of products on warehouse or retail shelves, not including any items designated for completed sales (such as items waiting to be picked up by customers who made online purchases).

Cash on hand is money yet to be deposited to the bank or cash money kept on hand as change for customers. For example, the float you use in the cash register. Cash on hand and petty cash are similar yet slightly different. Both are physical cash money that is kept for general use within the business.

Print. Stock, supplies, and customer goods may have inventory assigned to On-Hand and Available. On-Hand refers to all the inventory that is physically available. Available refers to the inventory that is available after fulfilling any allocations for current order items.

The formula quantity on hand – quantity reserved + quantity on order. This way, it takes into account all physical items, subtracts the number you need to fulfill to your customers, and adds the number you already have on open purchase orders.

Stock on hand is the total amount of any given item that you currently have in your warehouse, regardless of whether it is available for use or sale. It includes unallocated as well as allocated stock. You can allocate stock for: Assembly or disassembly. Sale.

Quantity on Hand refers to the total number of items physically present in the inventory, which includes items committed to orders. Quantity Available, however, is the total inventory minus the Quantity on Hand that is already committed to orders, showing what is actually available for new sales.

If someone or something is on hand, they are near and able to be used if they are needed. There are experts on hand to give you all the help and advice you need. See full dictionary entry for hand.

Quantity on Hand = Quantity you own, an asset of the company. Quantity on Sales Order = Quantity committed to sales orders. Quantity Available = Quantity On Hand less Sales Order Commitments (not yet shipped). Quantity In Shipping = Quantity that is already boxed and ready to invoice to your customer.

Cash on hand is money yet to be deposited to the bank or cash money kept on hand as change for customers. For example, the float you use in the cash register. Cash on hand and petty cash are similar yet slightly different. Both are physical cash money that is kept for general use within the business.