Initial or opening stock refers to the quantity of a particular item at the start of the accounting period, and is typically done when you migrate your inventory into Zoho Books from another accounting application. Once you enter the opening stock of an item, it will remain fixed for the remainder of the accounting period.
Where can you find opening stock?
While creating an item, after enabling Inventory Tracking you will be asked to enter inventory related details for the item. Opening Stock field will be available under the inventory tracking section.
If opening stock is entered, then the Opening Stock rate per unit should also be entered. It refers to the price per unit of an item at the time of purchasing it i.e. the cost price. For example, if you’ve initially bought 10 items for $1000, then the rate per unit would be $100.
Online accounting software
for small businesses.