simple end of year stock adjustments

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  • Updated 1 year ago
We have a very basic 'shop' within the Museum (no gst). We do a stocktake at the end of each financial year.
We began using Reckon One at the beginning of the last fin year 2017/18.
How do I input opening stock value? . . as reported in previous accounts b/s as 'stock on hand'.
We input a 'general' stock purchases and sales during the year.
How do I input closing stock value?
I presume these are all just some sort of journal entries.
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Clive Smith

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Posted 1 year ago

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