topic Re: Inventory Open/Closing/Balances in App Development

Inventory Open/Closing/Balances

Phan_Anh_Son — Wed, 03 Jul 2024 01:03:27 GMT

Hi all,

Can someone help to advise how to compute inventory Opening and Closing balances across month and year.

Thanks !!!!!!!

marksouzacosta — Tue, 09 Jul 2024 04:42:45 GMT

What is the definition for Opening Balance and Ending Balance?

Is Ending Balance not just Sum(PVolume)-Sum(SVolume) - Purchased minus Sold?

Regards,

Mark Costa

Phan_Anh_Son — Tue, 09 Jul 2024 04:53:12 GMT

Good Morning Marksouzacosta:

Opening Balance is the previous period's balance according to Product, year, month,...
and Ending Balance = Opening + Purchased - Sales

Thanks.