Master Data Management > Inventory

Main Menu > Master Data Management > Inventory > Opening Stock

When you first start using FR6 for accounting, you have to enter the Opening Stock (Quantity & Value) for each Stock Item, as on the date from where you first start using FR6, through Opening Stock Voucher.

The entries in Opening Stock Voucher has to be done only once, in the first financial year

Header

Product :

Press Alt+L and select the Product name from the list.

Item Entry

After you select the product from the list, you get the Item Entry Screen as shown below:

Item Entry Header

Product	Product Name is displayed here.
Code	Corresponding Item Code is displayed from Product Master
UPC/EAN	UPC/EAN No. is displayed from Product Master

Item Line Details

Re Qty	Enter the Opening Quantity.
Rate	Enter the Rate of Product as per last Accounts Statement
-%	Enter Deduction, if any, in %
+%	Enter additional charge, if any, in %
P Cost	The Purchase Cost per unit is displayed
Amount	Computed amount for the Quantity is displayed (P Cost * Quantity)
MRP	Enter the MRP (Sale price per unit)
M Up	Mark Up percent (Profit as per MRP over Purchase Cost in %, computed as [(MRP- P Cost/ P Cost] x 100 is displayed here
Margin	Margin is computed and shown
Discount	Enter the Discount % (manual discount) for the Product
Sale Price	This is a Sale Price field. User may add Markup % to get this field value calculated or he may manually feed in the Sale Price per unit of item entered.

Line Item

Srl	Running Item serial number in the voucher displayed.
Product Name	Product Name of selected product.
Product Code	Corresponding Item Code is displayed from Product Master
Warehouse	Select the Warehouse from the list (Press Alt+L) where the Stock is lying.
Qty	Qty of Stock as entered is displayed.
Rate	Rate display is carry on Item entry screen at MRP Field.
Amount	Amount is also calculated on (Qty. x Rate)

Opening Stock Button

Main Menu > Master Data Management > Inventory > Opening Stock