How to Enter Product Opening Stock in Cross
How to Enter Product Opening Stock in Cross
Opening Stock is the amount and value of materials that a company has available for sale or use at the beginning of an accounting period. The closing Stock of the previous accounting period becomes the opening Stock of the current accounting period.
In this article we have explained you How to enter Product Opening Stock in Cross. For know about these features, we have explained you all points/features as per following:
In Cross, there are multiple methods to enter Product’s Opening Stock in Product.
I Method - Stock Entry
II Method - Lot Detail through Product Master
III Method – Reconcile Opening Stock
IV Method – Purchase Challan
We have explained you all methods as per following:
I Method - Stock Entry: (You can enter Product’s Opening Stock through “Stock Entry” option.
Step 1: Select “Stock Entry” option through System-> Master Data-> Product Information menu. Screen as per below:
II Method - Lot Detail through Product Master: (Edit Product through Product Master & enter Product Opening Stock through Lot Details)
Step 1: Select & Edit any Product through Product Master. This option is available in System-> Master Data-> Product Information-> Product (Name wise). You can edit any Product which you want to enter Opening Stock through edit option. You can create new Product as well through this window with select “New” option. Screen as per below:
Step 2: After edit any product please select “Lot Details” Tab to enter Batch No, Expiry Date, MRP, Sales Rate, Purchase Rate, Opening Stock & many other details in this product. When edit any Product & select Lot Details window then you can enter Batch Information (Like: Batch No., Expiry Date, MRP, Sales Rate, Purchase Rate) in Upper side window & enter Product’s Opening Stock (Strip+Tab) in bottom side window. If you want to see Strip & Tablet (Loose) qty. opening stock in separate column, then please enable Op. Stock (Strip) & Op. Stock (Tab) through grid layout. Screen as per below:
III Method – Reconcile Opening Stock: You can enter or change your Stock Batch wise as per your Current Stock. It is a very easy for Reconcile your Product’s Stock, through this option software auto create Surplus/Shortage entry as per given Actual Stock & Your Current Stock.
If you want to Reconcile your Stock then please used “Reconcile Op.Stock” option through System-> Master Data menu. Image as per below:
IV Method – Purchase Challan: (Create Purchase Challan through UnIdentify Vendor & after that convert all Purchase Challans in Product Opening Stock)
Step 1: Create a Dummy Supplier (Like: Opening Stock Vendor / Unidentified Vendor).
Step 2: Please enter this Vendor name in Unidentify Vendor Tab in System Parameters. For this please open System Parameters through System-> System Maintenance menu. Screen as per following:
After that please enter this supplier name in “UnIdentify Vendor” in “RetailG Settings” tab. System Parameter is password protected, please enter today’s password with System Maintenance Letter “Starting & Ending” in today’s password. Screen as per below:
Step 3: After that now enter Product Opening Stock in Purchase Challan (Purchase menu). Purchase Challan can be entered in one or more Challans. It is easier to handle as multiple people can enter opening stock simultaneously without keeping track of product, company or batch. Purchase Challan screen as per below:
Step 4: When opening stock entry is complete in Purchase Challan, (System Maintenance: This option is available when you open any Repost option through System-> System Maintenance-> Reposting menu). When you open System Maintenance then there is an option “Update Op. Stock from UnIdentify Challan” under Facilities Tab to shift particular Supplier’s Purchase Challan into Product’s Opening Stock. Using this option convert these Purchase Challan entries into Product Opening Stock. Screen as per below:
After complete this process these all Purchase Challan’s auto deletes through Purchase Challan window.
Please use these above options to enter Product’s Opening Stock and let us know if there is any issue.
If you require support, please read: How to get online support (Guide & Video)
Thanks
SWIL Team
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