Inventory Open/Closing/Balances

[Phan_Anh_Son]

Hi all,

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

Thanks !!!!!!!

[marksouzacosta]

Hi @Phan_Anh_Son,

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]

Good Morning Marksouzacosta:

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

Thanks.