Hi,

When adding opening inventory in Odoo using FIFO and Automated Inventory Valuation, using the Inventory Adjustments menu sets the quantities correctly but does not automatically reflect the value on the balance sheet. Odoo posts stock moves that debit the Stock Valuation account and credit the Stock Interim (Received) account, effectively canceling each other and leaving no impact in the balance sheet.

To reflect the opening stock value correctly, you need to post a manual journal entry: debit the Stock Valuation account and credit an Opening Balance (Equity) account with the total inventory value. This ensures the balance sheet shows the inventory as an asset. The Stock Interim account created by Odoo during the adjustment can be ignored for this initial entry.

This approach aligns the balance sheet with the actual inventory value and is particularly useful when starting Odoo mid-year, allowing the opening balances to match external accounting records.

Hope it helps

Hello Mohammed,

The behavior you're seeing is due to how Odoo handles inventory adjustments under perpetual inventory valuation. The Stock Interim (Received) account is used as a temporary holding account. Here's how to correct it:

  Create a Journal Entry:

    Go to Accounting > Journal Entries and create a new entry.

  Debit the Stock Valuation Account:

    Enter a debit line for your Stock Valuation account with the total value of your initial inventory.

  Credit the appropriate Equity Account:

    Enter a credit line to an equity account, such as "Opening Balance Equity" or "Retained Earnings," with the same amount.

  Post the Journal Entry:

    Confirm and post the journal entry. This will move the initial inventory value from the Stock Interim (Received) account to the correct equity account, reflecting the accurate opening balance in your balance sheet.

For personalized assistance:
https://www.pragtech.co.in/contact-us-mql.html

You're facing a classic issue with Odoo's perpetual inventory system. Mixing financial and inventory data can get tricky! With FIFO and automated valuation, your balance sheet oughta show an opening balance as an asset. That debit in stock valuation and credit in stock interim (received), usually means your opening balance ain't fully reconciled in accounting terms yet.

I’d say double-check everything aligns between your inventory and financial modules. Often, there’s a mismatch if anythign is still manually set or hasn’t posted fully to the accounting module. Make sure the initial inventory is validated properly under inventory adjustments, so Odoo can do its magic with automatic inventory valuation.

Also, pop over to accounting > journal entries, and make sure the opening stock adjustment's got the right counterpart entries. It should balance with your bank balance or stock valuation adjustments. If adjustments aren’t visible or look weirdly handled, there might be a missing accounting entry or mix-up somewhere.

When dealing with opening balances, collaborating with your accounting team is super important. They might need to make a manual journal entry to get things right. It could be a real meticulous process, but getting this straight will make sure your balance sheet shows accurate inventory value. And yeah, Odoo’s logic here can be a bit confusing sometimes!