Stock Valuation
is a Part of Managing Inventories, users can easily do inventory valuation in
SwilERP
. Stock valuation is essential because it can identify whether a stock is overvalued, undervalued, or at market price. It can be used to analyse your business, run the business and, most importantly, manage your inventory.
Stock valuation is important for a business because it can be used to identify whether a stock is valued by Cost Rate, MRP, Billing Rate, Trade Rate, Purchase Rate, and Sale Rate. You can select any option for valuation of stock, a
fter
Valuation of Stock
users can also view Reports of different types.
This is a Process for Valuation of Stock
Go to SwilERP dashboard in Query Section:
Click on
Stock Valuation> Stock Valuation Entry
.
Calculate Stock Value
In the window of Calculating Stock Value:
Go to the
Home
Tab.
Select the
Date
till which you want to
evaluate Stock
.
Select the
Basis of Generation
as in Actual/ Weighted Average/ FIFO/ LIFO.
Now, Select the most important option
Stock Value By
-
Cost Rate.
MRP.
Billing Rate.
Trade Rate.
Purchase Rate.
And Sale Rate.
Click on the Given Option of
Create Data.
There you'll see the details of
Name, Unit, Qty, Valuation Value
of total quantity of a particular Product.
Save
the page with the above given option.
Note:
If you are selecting a date of 15th May 2022 and value by Cost Rate then, your stock will be evaluated by only 15th of may as per their Cost Rate.
To view Location wise details
While doing valuation of inventory users can view Location wise details:
In the same window,
click
on the name of
Product
.
And, you'll view the detail from the
below-given
list Location wise.
How to use Change Parameters option
Users can also change the value of stock in the same window:
Go to the
Change Parameters
Tab.
Then, you'll see some
additional options
on the screen -
Valuation Qty.
Valuation Rate.
Edit the details in
Qty
and
Rate
which you want to update in Stock.
Click on the
Update
Tab.
Filter your Products
Users can also
Filter
their products with the above-given option.
And, select the
Details
which they want to view.
Note: Don't forget to save this page to view the Valuation Report
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