Opening stock is the value of inventory that a company has on hand at the beginning of an accounting period. It is the amount of inventory that was carried over from the previous accounting period.
When there is need to update Opening the Stock for the items?
- A business is starting a new fiscal year.
- A business is changing its method of inventory valuation.
- A business is disposing of obsolete or damaged inventory.
- If a New Item has been added to your outlet/shop.
How to update the opening stock for the items in ServeEasy?
1. Go to Inventory > Openings Stock entry where you have to select the item (for which you want to update the opening stock.
2. Load the item with the item code or item name.
3. Also you can use the Filter key to load the item in the bulk based on the category.,
4. Enter the price details if you have not given in the item master and then enter numbers in the Qty column to add the stock for the item.
5. Follow the same for the items your needed.
6. Click the F6(Save) key to save the transactions.
7. You can check the updated details in the sales LOV screen and reports shown below.
