Warehouse
A place where stock is kept, as a tree. Each warehouse posts to a Stock account, its own or the company default, so stock value appears in the Balance Sheet.
In detail
A Warehouse is any place stock is kept: a godown, a shop counter, a vehicle or a subcontractor's floor. It is the bridge between quantities and money, because every warehouse maps to an account of type Stock, its own or the company default Stock In Hand - YFF, and each stock movement into or out of the warehouse debits or credits that account. Warehouses form a tree under All Warehouses - YFF; only leaf warehouses hold stock, groups just add up their children. Reports like Stock Balance and Warehouse Wise Stock Balance read this tree. If a warehouse points at the wrong account, the Balance Sheet inventory line and the Stock and Account Value Comparison report go out of step.
Formula
Warehouse stock value = sum over items of actual qty x valuation rate, which equals the Stock account balance
How to record it in BRAccount
- 01Go to Stock > Warehouse > New.
- 02Type the name; the company abbreviation YFF is appended automatically.
- 03Pick the Parent Warehouse, usually All Warehouses - YFF, and a Warehouse Type if needed.
- 04Leave Account blank to use Stock In Hand - YFF, or pick a dedicated Stock account.
- 05Save. Set it as Default Warehouse on Items or choose it on each stock document.
- 06Open Stock Balance filtered by this warehouse to read what it holds.
When to use it
Create under Stock > Warehouse; every stock movement names a source or target warehouse.
Example from the demo books
Stores - YFF, Finished Goods - YFF, Work In Progress - YFF, Goods In Transit - YFF and Koteshwor Store - YFF.