Sunday, March 20, 2016

Opening stock doesnot appear in Profit & loss

Profit and loss statement shows

(A)Opening Stock     99999           Sales                99999
     Purchases             99999     (B) Closing Stock  99999

You have entered opening value in account master of Stock
as opening debit. It is not appearing in Profit & loss statement.

What to do?
1. Menu 5.Master --> Opening balances

press the

Confirm Balance  button

  1. it will add the opening balances of all the accounts if total opening debit and total opening credits tally.
  2. it will show Total debit balances and total credit balances and diffirence
  3. If the button is Unpost opening balance.Click it . Now it will show Confirm opening balance again click it.

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