A transfer moves inventory from one of your locations to another — from storage to the market stall, from the workshop to an offsite unit — without it being a purchase or a sale. The stock never leaves your business; it just changes where it lives.
A transfer posts at both ends: quantity comes out of the source location and into the destination, so each location's stock stays accurate. That dual record is what keeps a multi-location operation honest — you always know not just how much you have, but where it is.
Transfers only make sense once you track more than one location. For a single-location seller everything is already in one place; for anyone splitting stock across a home workshop, storage, and selling spots, transfers are the everyday tool that keeps the picture truthful.
Related terms
Location
A physical place where inventory is stored or business is conducted, such as a home kitchen, workshop, storage unit, or market stall. Inventory is tracked per location.
Entity
A location (primary, secondary, storage, production, sales) or a contact (vendor, customer, charity) in your business. Locations are used to scope inventory and transactions.
Adjustment
A transaction that corrects inventory quantities without a purchase or sale. Used for damaged goods, waste, samples, or other non-sale removals from stock.