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Attribution

Opening Stock

Opening Stock is the amount and value of materials that a company has available for sale or use at the beginning of an accounting period.

The closing Stock of the previous accounting period becomes the opening Stock of the current accounting period.

1. Prerequisites#

  • Create Warehouses.
  • Link Warehouse to the appropriate accounting ledgers.

2. Opening Stock for Non-serialised Items#

To post opening stock, visit the Stock Reconciliation page.

3. Opening Stock for Serialised and Batched Items#

Create the Batch and Serial No records beforehand. To post opening stock for serialised and batched items:

  1. Go to Stock > Stock Transactions > Stock Entry > New.
  2. Select 'Material Receipt' in 'Stock Entry Type'.
  3. Set Is Openingas Yes.
  4. Select the Warehouse in 'Default Target Warehouse'.
  5. In the Items table, select Item Code, Qty and Basic rate.
  6. For batched items, select Batch No.
  7. For serialised items, select Serial No.
  8. Save and Submit.
  1. Accounting Of Inventory Stock
  2. Stock Entry
  3. Stock Reconciliation
Adapted for EnigmaERP from the ERPNext documentation, © Frappe Technologies Pvt. Ltd. Content licensed under CC-BY-SA 3.0. EnigmaERP is a product of Enigma and is not affiliated with or endorsed by Frappe Technologies Pvt. Ltd.