Skip to content
← Share and support customer ideas for Xero

Settings and activity

1 result found

  1. Tracked inventory - Add opening stock when creating new item

    2 votes

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close

    We’ll send you updates on this idea

    1 comment  ·  For small businesses » Business features  ·  Admin →
    How important is this to you?

    We're glad you're here

    Please sign in to leave feedback
    Signed in as (Sign out)
    Close
    Close
    Gaining Support  ·  AdminPaul Hodges (Admin, Xero) responded

    Hi, thanks for sharing this idea about setting the opening stock for a tracked item at the same time you add it.


    Now it's up to the community to get behind and support your idea with their votes and comments about how this would help them, too.


    As for how this is currently done, as well as setting the item's starting Quantity on Hand, there needs to be an accounting record for where the existing Value comes from.


    The current process is to add the item(s) as Tracked and then either:

    • Importing the opening balances for your tracked items. *This option is only for when you first start using Tracked Inventory in your organisation*.
    • Entering an approving a Supplier Bill to record the first purchase of the item.
    • Entering an Adjustment (Increase Quantity-type) to move the value from another account (the adjustment account) to the Inventory Asset Account.
    Jorge Rocha shared this idea  ·