Glossary
Opening stock
Opening stock is the quantity and value of goods you held at the moment you began recording in the system or started the period.
What it means for a shop owner
You get it from a real count before you start, not from a guess. Any mistake in it follows into every report after. Enter it once with a clear date and let later movements adjust it.
A worked example
On day one you count 200 pieces at a cost of 4 each. Opening stock is 200 worth 800.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes