Opening Stock

Opening Stock

Opening stock setup in inventory management refers to the process of initializing and configuring the initial stock levels for items within the inventory module of a PMS (Property Management System). It involves recording the quantities of items that are available at the beginning of a specific period, such as the start of a financial year or the implementation of the inventory management system. Administrators can enter the item codes, quantities, and other relevant details for each item to establish the accurate starting inventory levels. Opening stock setup ensures that the inventory system has the correct baseline information for tracking stock movements, calculating stock variances, and maintaining accurate inventory records.

To add Opening Stock, go to Inventory >> Setup >> Opening Stock Setup

Press Alt+2 to add the Opening Stock. You will see the following screen fill the required fields and press Ctrl+S to save the information.

To edit the Opening Stock information, go to Inventory >> Setup >> Opening Stock

From the list click on option icon and click on Edit button. You will see the following screen fill the required fields and press Ctrl+S to save the information.

You can view the added information by pressing Alt+1 to go to the list and filter the result as per the requirement.