Inventory
Enter your opening stock
Record what you have on the day you start, with its value, so stock and accounts begin from the right figures.
Before you start
Who this is for
Businesses starting to use Inventory with stock already on the shelves.
Before you start
- Your items and warehouses set up.
- A count of what you have in each warehouse, and what it cost.
Steps
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Step 1: Start an Opening Stock document
Open Documents → New document and choose Opening Stock — “Bring stock in with its opening value.”
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Step 2: Pick the warehouse
Choose the warehouse this stock is in. Do one document per warehouse.
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Step 3: Add the items
Search or scan each item and enter the quantity and its rate. For batch items, enter the batch and expiry.
Tip: For a long list, use Add multiple items or import the lines from a file.
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Step 4: Post
Check the totals and choose Save & post.
What happens next
Your stock balances show what is on the shelves, valued at the cost you entered — and that value is what Smart Books uses as your opening stock.
Questions
Can I enter opening stock on the item itself?
Yes, the item’s Stock & Locations section has an Opening stock area. An Opening Stock document is easier for many items at once.
Ready? Try it now.
Open Inventory in a new tab and follow along.