The terms of Nisaab Stock, per-item inventory for your business. They describe what the software actually does — if something here does not match what you see, tell us.
Nisaab Stock keeps your inventory item by item: what you hold and where, what came in, what went out, what it cost, and a log for every item showing what moved, when, on which document and by whom.
It works out no tax. The tax on what you sell is the tax your invoices already carry, prepared the same way as the invoices the firm files for you. Nothing in Nisaab Stock is tax advice or accounting advice.
Nisaab Stock is available only to a business the firm has allowed: its package includes it, or the firm has switched it on for that business. The business owner sets it up and decides what their staff may see — quantities always, cost and value only if the owner says so.
Nisaab Stock is bought for a term of a year, at the price shown when you buy it. It opens when the firm has confirmed your payment, and the term runs from that day.
Buying again before a term ends adds to the end of it — days you have paid for are never lost. It can also come with a package that includes it, or run to a date agreed with the firm.
You are told on the Stock pages themselves, every day for the last thirty days of a term, and more firmly in the last week. Nothing stops without warning.
At the end of a term nothing further can be received, counted, transferred or consumed, and your figures stop keeping up with your shelves. Everything already recorded stays readable, printable and exportable.
Nothing is deleted. Buying another year carries on from where you stopped, and the figures are waiting as you left them.
Stock also stops being movable while your account is paused by the firm, or after a payment is overdue past its grace period. It starts again when the account does, without buying anything further, and everything already recorded stays readable in the meantime.
Your stock records are yours, exportable at any time, and kept and protected as the Privacy Notice describes.
They are also part of what section 22 of the Sales Tax Act 1990 expects a registered person to maintain — the description, quantity and value of goods purchased, imported and supplied — and to keep for six years after the tax period they relate to. We do not delete your stock records when a term ends or when stock is switched off, and nothing in these terms shortens the period you are required to keep them for.