What the use of Item Opening Balance in inventory & how to d

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thanx

Yes correct

you got it my friend.

Dear Rajesh,

Thanks A lot. it means that need to store opening balance qty, this qty will never changed, only stock qty will changed is that correct?

Other thing for stock i have StockQty column this column is changing after when GRN or GIN transaction are updating. Its better idea to have Stock table have also Opening Balance Qty column.

Thx

Basit.

HI

Actually opening balance is required for report and balance

means you r not going to open the shop or business means you r going to implement it somewhere like in any shop and that shop is already having some stock from it's godown

so you first tell them they will give u the item qty for each item so that you can start the transaction then letter when they will receive any other stock they can add it

but remember as it's transaction based application they must need report from starting balance so you can show them if u have the opening balance

remember there will be two table always one for transaction stock table another will be your opening balance table