While creating the product category three stock accounts are there 1. Stock Valuation account 2. Stock input account 3. Stock Output account. I have accounting information in Tally, i want to use openerp now. I can import all the balances of my accounts in tally to openerp using Journal entry by using the journal "opening". I am facing problem with stock. Added all the products and their quantities from Ware house -> physical inventory. I have not generated journal entries to this opening stock. I have directly added present stock value in tally to stock valuation account in opening balances. when i check above statement (Stock valuation account+ Stock Input account + Stock output account) is not zero. Can any one please tell me the above statement true or false?
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Hi samba, am not sure.... It cannot be zero.. basically stock valuation will provide the stock present in hand... similarly input stock will be purchases, output will be sales...