How to Key In Stock Opening Balance (New Vers.)

Entering a stock opening balance is an essential step in setting up your inventory records accurately, especially if you're starting with new accounting or inventory management software.

1. Click on Products/Services and select 'Products/Services'

2. Add a new product

3. Fill in the information

• Compile a list of all inventory items with their quantities and values as of the opening balance date.

• Ensure you have accurate information on the cost price of each item.

1. Item Name

2. Item Code

3. Unit : means Kg / Gram / Pcs / Carton

4. Opening Cost : The cost per unit of each inventory item.

5. Stock level : The number of units available at the beginning of the period.

4. Click on Save