Chapter 3 – New Stock Accounts

A) Used to maintain a set of stock accounts (opening stock, closing stock, balance sheet stock).

i. Go to GL > Account Maintenance.

ii. Highlight CURRENT ASSETS then click Stock.

iii. Enter the relevant information.

1. Open Stock Account
2. Closing Stock Account
3. Balance Stock Account

B) You are able to maintain more than one Stock Account

C) The opening and closing stock for the manufacturing account

Go to Others > Maintain Stock Value Links

D) The Profit & Loss Statement for Opening and Closing Stock is shown in the image below:

E) The Balance Sheet for Closing Stock will show as the image below.