Opening stock entry in retail POS
Opening stock entry is the screen where the already purchased item’s closing stock of the shop will be updated in system before starting the live purchase and sales. Opening stock entry screen another stock inwards entry screen after purchase entry or GRN entry.
Business rules
- Only existing stock need to be updated here.
- Mostly the already running shop needs this feature to upload their stock details.
- New shop will update the stock through GRN entry, so they do not need Opening stock entry.
- Opening stock entry will not reflect in GSTR inwards reports.
- Using this Opening stock entry screen, user can update existing stock, purchase price, selling price, MRP, EANCODE, packed date and expiry date.
Opening stock entry in retail POS steps in words
- Open opening stock Entry screen
- Load Items (Manully or by using filters or by scanning)
- Enter stock qty
- Enter price details (cost rate, selling rate and MRP)
- Enter expiry details (Packed date or Expiry Date)if needed
- Save opening stock entry
- Stock Get Updated for updated items
- Opening stock number generated