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How to transfert the value of the initial inventory into accounting?

accounting inventory
By
Pascal Tremblay
on 1/24/15, 5:26 PM • 1,469 views

Hello gang,

My initial inventory is done and validated. I can see the total value (here 2598,26 $) of the stock inventory in « Current Inventory Value ».

But how to automaticaly transfert this amount in accounting? Account stock is still at 0 $.

Should it be automatic?

Thanks!

0
Zbik
On 1/31/15, 6:27 AM

You set:

  1. Settings/Warehouse - check Generate accounting entries per stock movement
  2. In product form - Inventory Valuation = Real Time (automated)
  3. In product category define all accounts (or/and in product form)
  4. In Warehouse/Locations - find Inventory loss and Production locations, they set Stock Valuation Account (Incoming) and  Stock Valuation Account (Outgoing)
  5. In Stock Journal form, if you need this, set Autopost Created Moves.

Hope this help.

it seems very very interesting. Will try it soon. zbik I will have to pay a beer to you... Thanks

Pascal Tremblay
on 1/31/15, 6:33 AM

As soon as I visit Canada :) or ... you Poland :)))

Zbik
on 1/31/15, 7:32 AM

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Asked: 1/24/15, 5:26 PM
Seen: 1469 times
Last updated: 3/16/15, 8:10 AM