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Opening Stock Entry

Opening Stock Entry is the initial step in inventory management where existing stock quantities and values are entered into the system before regular transactions begin.

Step-by-Step Process​

Step 1: Prepare Data​

  • Compile a list of all inventory items on hand.
  • Record the quantity and cost for each item as of the start date.

Step 2: Access Opening Stock Entry​

  • Navigate to the Opening Stock Entry module in PrismERP.

Step 3: Enter Stock Details​

  • For each item, enter the product code/name, quantity, unit cost, and warehouse location.
  • Include batch or serial numbers if applicable.

Step 4: Review and Confirm​

  • Double-check all entries for accuracy and completeness.
  • Adjust any discrepancies before posting.

Step 5: Post Opening Stock​

  • Finalize the entries to update the system’s inventory and financial records.
  • From this point, all stock movements will be tracked relative to the opening stock.

How to Access​

Menu Opening Stock Entry

Final Notes​

Entering accurate opening stock is essential to maintain trust in your inventory data and ensure smooth inventory operations.