How to add the Opening Stock Entry in ServQuick?
The purpose of Opening Stock Entry is to add the stock in hand available for sale. By using the Opening stock entry feature you can enter the number of stock on hand available for sale. Opening stock for an Item can be added based on location, variant, and quantity. If a new item is created from the Item master, you need to update the stock for the same item from the Purchase screen/Opening stock entry screen to proceed on sales.
Benefits:
Confusions will be avoided as you can add Opening Stock for an Item based on location, variant, EAN.
Holding opening stock can help an organization to meet its fluctuating market demands and can cater to the needs of its customers.
Note: Once the Opening Stock Entry is created, it can't be canceled. But you can update the stock by using the stock update feature.
Steps to add an Opening Stock Entry in ServQuick
Step 1: First go to Inventory
Step 2:Under Inventory Management > Select Opening Stock
Step 3:Now click on the Add Opening Stock option
Step 4: Enter the details in the required field
In the From location, enter the location for which you want to add Opening Stock. For eg: I am choosing the Head Office.
In the EAN code, enter the code. The EAN code updated in the masters for the item can be scanned in the opening stock to add the stock for the item.
In the Item Name, just click on it and all the items will be displayed. From that click on the item for which you want to add Opening Stock.
In the Variant field, select the variant as large or regular.
In the Quantity field, enter the Opening Stock quantity.
Click on Add and add any number of items.
Click on Save.
A pop-up message will be displayed after the completion
Steps to check the current stock in hand of the items:
Step 1: Go to Reports > Under Inventory option > Choose Current Stock LocationWise
Step 2: Choose the Location and click on Apply. For eg: I am choosing the Head Office location as we have added this location while adding Opening Stock.
Here the item name along with the stock in hand will be displayed.
Steps to know about the Opening Stock Entry details
Step 1: Go to Reports > Under Inventory option > Select Opening Stock Details
Step 2: Enter the date and location > click on Apply
The Opening Stock details will be displayed here.
Note: Before any stock entries are done, it is necessary to mark the inventory applicable for the items where stock is to be maintained.
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