Add Closing Stock Option, So that in year end accounting profit and loss calculated according to that
if we can add "closing stock value" at the year end that it will be more beneficial to Indian Accounting
we can see our actual profit with this feature
Yes we need to post closing stock value in the year end ,which will become the opening stock for the next accounting year P,Sitaraman
Anil Jain commented
The Best way to Change Inventory Value in Zoho Books
Create New Item as : Closing Stock and Enter Minimum Value as Opening Stock.
Then Use Inventory Adjustments option and change the value of that Item as required.
This will reduce Purchase/ Cost of Goods Sold in Profit & Loss Account and Increase Inventory Asset in Balance Sheet
Yes we shoud be able to enter closing stock value every year end, which will be opening stock for next accounting year
We want to add closing stock and value in zoho books every year
We want to add closing stock and value in zoho books every year. We sell in kgs and also some times in Nos.We receive RM in Kgms
I am struggling with this and raised a query but even the help was unable to answer my query.