Stock Movement Posts
Stock Movement postings keeps your balance sheet up to date with postings for stocks arriving and being sold as well as accruals for goods received.
These postings are optional and if you are wanting the system to maintain your accruals then this is the option you need to have switched on.
If you do not do this then alternative is a simple method that many small businesses wish to use, where they simply take the valuation of the stocks each month and adjust the cost of sales by the amount the stock value has varied to the nominal.
Example of Simple Method
Stock Nominal |
|
|---|---|
Opening Stocks | 100 |
Purchase Invoices from Commerce | +840 |
Nominal Closing | 940 |
Commerce Stock Value | 270 |
|---|---|
Variance between Nominal and Commerce | 670 which is then posted to cost of sales account |
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