Opening stock entry

Opening stock entry

 Opening stock entry 


Purpose: Opening Stock Entry is used to record the existing stock available in your store at the time of starting with TruePOS. This feature is especially helpful when you are switching from an old software to TruePOS and need to carry forward the closing stock from your previous system as the opening stock in TruePOS.

In many cases, businesses may have been operating for years before adopting TruePOS. To ensure all existing inventory is accurately tracked, you can enter the current stock in your store as opening stock in the software.

 

  • Using Opening Stock Entry screen, you can save the number stocks on hand available for sale or use in the current branch.

  • You can also use the Opening Stock Entry screen when you do not know your payable to the suppliers.

Steps mentioned below to follow to make Opening Stock Entry:

 

  1. Click Inventory > Opening Stock Entry.

  1. Repeat the following steps, till you have added the stock details for all the items.

    1. Press ENTER to select from the pop-up or enter the Item Code. Press ENTER to move next

    1. Enter the available Qty (Quantity). Press ENTER to move next

    2. Enter the discount in Disc % (Discount Percentage) or in Disc Amt that you availed.

    1. Press Enter Supplier to select the Supplier of the item from the pop-up.

 

       3.   Press F6 or click Save.
TruePOS increases the total On-hand Stock quantity as per the details saved.

      4.   Press F7 to load and view any previous opening stock entry done

      5.   Press F8 to print the opening stock entry details.

      6.   Press F9 to clear the screen and make the transaction from the start again

      7.   Press F10 to close the screen.

 

 

 

 

 

FAQ

 

1) Is it possible to print barcode in opening stock entry?

 

Answer - Yes it is possible. Press Ctrl + F8 after loading the items, in order to print the barcode

 

 

2) What is the difference between purchase invoice and opening stock?

 

Answer - Purchase invoice is a transaction where goods are bought from third party suppliers and recording the same in software along with the supplier details. Opening stock is a transaction where the available on hand stock quantity is imported without the necessity of providing supplier details.

 

3) How to update the opening stock in Bulk?

 

Answer - Bulk opening stock can be imported via Opening stock migration. Refer the link Migration Process and Opening Stock Migration to know about the migration process.

 

4) Can we edit the opening stock entry which we made?

 

Answer - We can't edit the opening stock entries which we made. This is because the Opening stock entry is followed only to import the on hand stock qty and not to correct the existing stocks. If you want to edit and correct stock qty, you can do it via Stock update entry. Refer the link Stock Update Entry on how stock update works.

 

5) Are there any reports to check the opening stock entries made?

 

Answer - We can check the Opening stock entries made, under the Reports -> Inventory -> Stock replenishment -> Opening stock detail.

 

 

 

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