Edit and view your organization's opening stock.
The term "opening stock" refers to the inventory available at the start of an accounting period. The stock held at the conclusion of that period, also known as the "closing stock," becomes the opening stock for the subsequent accounting period. This establishes a continuity in tracking inventory levels between consecutive accounting periods.
In ACCOXI, the 'Opening Stock' feature allows users to view the total quantity and value of their initial stock. Users can input the opening stock details when creating an item within the 'Inventory Section.' Furthermore, the edit option permits users to modify the price or quantity associated with the opening stock as needed.
Key Features:
To access the Opening Stock feature:
This will lead you to the Opening Stock interface, where you can manage and view details related to the initial stock of items.
Field |
Description |
# |
Serial Number |
Product Name |
List of Product Names You Created |
Opening Stock |
Initial Stock for the Relevant Product |
Stock Value |
Total Value of Product Stock (Opening Stock * Purchase Rate) |