Account type: Stock

The Stock account type marks the Balance Sheet asset that carries inventory value, Stock In Hand - YFF under Inventories, and it is the only type a Warehouse may map to. Under perpetual inventory, which BRAccount runs by default, every stock document posts here automatically: receipts and Material Receipts debit it, deliveries, issues and shortages credit it, at the item's valuation rate rather than the selling price. The account should never be posted by a Journal Entry, because the Stock Ledger would then disagree with the General Ledger; BRAccount blocks this unless Accounts Settings allows it. The balance should always equal the Stock Balance report total for All Warehouses - YFF.

Stock In Hand balance = opening stock + receipts at cost + landed costs - cost of goods delivered or issued +/- adjustments

1. 01Go to Accounts Setup > Chart of Accounts and expand Current Assets > Inventories.
2. 02Open Stock In Hand - YFF and confirm Account Type is Stock.
3. 03Go to Accounts Setup > Company and check Default Inventory Account points to it.
4. 04Submit a Purchase Receipt of 100 caps at Rs 400; the entry above posts.
5. 05Open General Ledger filtered on Stock In Hand - YFF to read receipts as debits and deliveries as credits.
6. 06Compare its balance with Stock Balance for All Warehouses - YFF each month end.

Set on Stock In Hand - YFF and link warehouses to it.

Opening stock of Rs 4,50,000 sits in Stock In Hand - YFF.