Maintain Stock Value

From eStream Software

Menu: GL | Maintain Stock Value...


  • Update the month end stock value.
GL-Maintain Stock Value.jpg

SETUP Maintain Stock Value

  • This is ONE time setup Maintain Stock Value for each stock type, eg. Raw Material, Trading Products, & Manufactured Products.
  • Click NEW to create.
GL-Maintain Stock Value-New.jpg

  • Ensure same stock type assigned to P&L Opening Stock A/C, P&L Closing Stock A/C and Balance Sheet Stock A/C. See example below the screenshot.
GL-Maintain Stock Value-Entry.jpg
Field Name Explanation
P&L Opening Stock A/C Select Profit & Loss Opening Stock A/C
P&L Closing Stock A/C Select Profit & Loss Closing Stock A/C
Balance Sheet Stock A/C Select Balance Sheet Stock A/C

UPDATE Month End Stock Value

  • Highlight and EDIT the Maintain Stock Value.
GL-Maintain Stock Value-Edit.jpg

  • Select the Year.
  • Select the Project. (Default project is "----")
  • Point to the month and input the stock value.
  • Click SAVE.
GL-Maintain Stock Value-Save.jpg

Stock Opening Balance

  • Lets assume the System Conversion Date is 01/01/2004.
  • To capture the opening stock balance as at 01/01/2004, you need to key-in the stock value in 31/12/2003 in GL | Maintain Stock Value...
GL-Maintain Opening Stock Value.jpg