Occasionally there may be variance in stock value due to fluctuating market price and usage trends. Such variance need to be identified and recorded as Stock value adjustments.
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Steps to record Stock value adjustments in Output Books
In Output Books, stock value adjustments can be recorded as follows
- Go to Accounting > Opening Balance
- Click Stock Tab
- Click Stock Value link
In the pop-up
- Select Date
- Provide adjusted Stock Value
- Click Save.
In accounting statements, recorded stock value will be reflected accordingly.
P/L Statement before Stock Adjustment
In this example, opening stock value of February month is Rs.11,750.
For instance, at the February month start, the product value goes up. Then the current stock value increased to Rs.15,000. This should be recorded as below
P/L Statement after Stock Adjustment
Now, the adjusted stock value is reflected in the accounting statement as below
Thus you can make adjustment in stock value based on the price variance of the products.
