Inventory Opening Balances Window

Use this window to define opening balances for inventory.

To open the window, in the Inventory Opening Balances tab, enter the required data and choose the OK button.

Note Note

This topic documents fields and other elements in this window that either are not self-explanatory or require additional information.

End of the note.

Open Inventory Account
Enter the account to which you want the opening balances to be posted.

Date
Displays the current date by default. Change if necessary.

Reference
Enter reference information that will be copied to the journal entry when the initial quantities are posted.

Details
Enter details regarding the initial quantities that will be copied to the journal entry.

Warehouse Name
Displays the name of the warehouse for which the entry of initial quantities is to be carried out. You cannot change the name displayed. You must specify the warehouse on the Initial Quantities tab and repeat the specification for each warehouse.

Item No., Item Description, In Whse
Displays the numbers and descriptions of the items that were selected on the basis of your criteria for initial quantities. The physical inventory of the item in the selected warehouse is also displayed. The item inventory is displayed only if appropriate goods movements have already been posted.

Initial Quantity
Enter the initial quantities for each item.

Price
Enter the price per unit of the item.

Account Code
Enter the G/L account number.

Distr. Rule
Specify the distribution rule to be linked to the transaction created as a result of entering inventory opening balances for items.

Project
If required, specify the project to which the inventory opening balance of each item is allocated.