How to enter opening balance for stock items on a date (middle of the month or a year) which is different from the Book Beginning Date @ Tally.ERP9

Query

 

How to enter opening balance for stock items on a date (middle of the month or a year) which is different from the Books Beginning Date?

 

Answer

 

Opening Balances for stock item master can be entered only from the Books Beginning Date.

 

However as a work around, users can record; 

  • Physical Stock Vouchers to affect the inventory reports, if only Quantity has to be updated to the books.

         OR

  • Stock Journal by specifying the Stock Item details with the Rate on the Destination (production) side.

 

For Example: Customer who purchases Tally.ERP 9 on 1st of June but the books are beginning from 1st of April. In this case the user can pass a Physical Stock Voucher orStock Journal as on 1st of June.

 
 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
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