Stocktake Journal Entry

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Catrina
Catrina Member Posts: 3 ✭
edited May 2020 in Accounts Hosted
Trying to enter a journal for the weekly stocktake.
Not sure how to or where to start.

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  • Kris_Williams
    Kris_Williams Member Posts: 3,303 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 2020
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    You don’t do a journal entry, you go to Suppliers, inventory activities and adjust stock and qty values
  • Larissa Hicks
    Larissa Hicks Member Posts: 22 ✭
    edited February 2020
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    Are you already accounting for Stock on P & L and Balance Sheet (as in P & L - Opening Stock, Purchases, Sales, Closing Stock)
  • Kris_Williams
    Kris_Williams Member Posts: 3,303 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 2020
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    Are you actually using inventory items?
  • Catrina
    Catrina Member Posts: 3 ✭
    edited February 2020
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    We have a system that counts all the stock and tells me the net cost of all the stock on hand. I just don't know how to put it in Reckon. So then I'm able to get a % for GP.
  • Catrina
    Catrina Member Posts: 3 ✭
    edited February 2020
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    I don't know how to enter in the opening stock and closing stock on Reckon. I'm new to the program so just struggling to find my way.
  • Kris_Williams
    Kris_Williams Member Posts: 3,303 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 2020
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    Your accountant is probably the best one to advise you

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