Opening Stock Entry

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1

Hi,

I uploaded Opening Stock Entry via Data import but but forget to select Is Opening as ''Yes" and Chart of account selected stock adjustment instead of Temporary Entry.

Is there way to correct it or the only way to delete all the Stock Entries and upload it again ?

I see there is Stock Reconciliation tool but need expert advise if it will help to correct the stock entries.

Thanks in advance for guidance.

Regards
Virendra Maurya

2

An alternative to correct this is to make a Journal Entry that moves the cost to the desired account. Temporary type accounts in ERPNext have no special function, it’s just a classifier.

3

you have just uploaded the opening stock or there are already other transactions in the ledger???

4

There are few purchase receipts (20 No’s), Purchase Invoice (20 No’s) and 10 Sales invoice created.

One more issue is Purchase receipt and Purchase invoice entry not showing in Profit and lose statement and also not showing in Purchase closing balance however it is showing in Stock in Hand and in Balance sheet. Could you suggest the reason or whether we are doing correct entry or not ?

5

Could you suggest me as how to post the journal to correct this entry ?

One more issue is Purchase receipt and Purchase invoice entry not showing in Profit and lose statement and also not showing in Purchase closing balance however it is showing in Stock in Hand and in Balance sheet. Could you suggest the reason or whether we are doing correct entry or not ?

6

Loop in your accountant. This has long term consequences for the accuracy of your books and I don’t have enough context to get it right. Sharing the required information on a public forum would not be appropriate.