Open topic with navigation

Record an opening balance for a stock item

To specify the opening balance of a stock item

Open: Stock Control > Utilities > System Set Up > Opening Balances at Locations.

1. Select the Warehouse which you want to record opening balances.
2. If you are updating to the Nominal Ledger, accept or amend the displayed default nominal account for stock suspense.
3. From the list of stock items displayed, select the item you want to apply an opening balance to.
4. Enter the opening balance for the item in the Opening Quantity column.
   • Batch/serial numbered items only: Enter the batch or serial numbers in the displayed batch/serial number entry window. Depending on the Stock Control settings, enter the alternative reference, sell by and use by dates where applicable.
5. If updating to the Nominal Ledger, accept or amend the stock item's nominal code for asset of stock postings which is displayed in the Asset Nominal Code column.
6. Click OK to save the information.

Go to top