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.