The Opening Stock module in Flovix allows businesses to record and manage the initial inventory when starting a new system or warehouse. Properly entering opening stock ensures accurate inventory tracking, financial reporting, and smooth transition from old stock records.
Step-by-Step Guide to Add Opening Stock:
Access Opening Stock Module
Go to Inventory from the Flovix dashboard.
Click Opening Stock from the Inventory dropdown.
Select Warehouse
Choose the warehouse where the opening stock will be recorded.
Show All Products
Click Show All Products to view a list of items in your system.
Enter Opening Quantities
For each product, enter the quantity on hand.
If available, attach purchase invoice references for verification.
Save Opening Stock
Review all entries for accuracy.
Click Save to record the opening stock in the system.
Verify Stock Levels
After saving, check the inventory report to ensure quantities match physical stock.
Key Features:
Record Initial Inventory – Set up starting quantities for all products.
Warehouse Selection – Assign opening stock to specific warehouses.
Product Overview – View all products and their stock levels.
Stock Accuracy – Maintain correct quantities for financial and operational purposes.
Search & Filter – Quickly find products for entry or verification.
Benefits of Using Opening Stock in Flovix
Accurate Inventory Records – Ensures all stock is correctly accounted for from day one.
Reliable Financial Reporting – Correct opening stock helps calculate COGS and profits accurately.
Streamlined Operations – Provides a clear baseline for sales, purchases, and stock movements.
Easy Tracking – Quickly identify discrepancies or missing stock.
The Opening Stock module in Flovix is essential for ensuring accurate inventory management, financial reporting, and smooth operational flow from the very start of your system setup.