Stock · Guide 318 of 624
How stock accounting works
With perpetual inventory, every stock movement in RockifyERP posts to your accounts automatically, so stock value in the books always matches the stock ledger.
What you need to know
- Receipts debit stock and credit Stock Received But Not Billed.
- Deliveries debit cost of goods sold and credit stock.
- Transfers between warehouses with different accounts post between them.
- Stock reconciliation posts the difference to a stock adjustment account.
Tip: Compare the Stock Balance report value with the stock account balance monthly.
Need more help with RockifyERP?
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