Opening stock is the stock you already own on the day you start. It is different from a purchase because you didn't just buy it.
For one product
- Products › List Products, then on the product row Actions › Add or Edit Opening Stock. Right after creating a product you can also use Save & Add Opening Stock.
- For each location, enter the Quantity and Unit cost (what you paid per unit).
- Optional: lot number and expiry date if you use them.
- Click Save.
For many products
Use Products › Import Opening Stock: download the template, fill in SKU, location, quantity and unit cost, then upload.
Important: Enter opening stock once. To correct quantities later, use a Stock Adjustment. To add newly bought goods, record a Purchase. Editing opening stock changes your history and reports.
Tip: The unit cost matters: it is used to calculate your profit when the stock is sold.
Was this article helpful?
Thanks for letting us know!
TechFusion