Overview & Benefit of Opening Balances in MargBooks

Process to Feed Opening Balances (Stock) in MargBooks

Overview & Benefit of Opening Balances in MargBooks

• The Opening Balances option is used to specify the opening balance. For instance, if the user is dealing with the party from the past two years and now wants to maintain its entry in the Marg Books, then the old balances can be used to specify the opening balances of the party.

• Stock Opening option is used to maintain the record of Opening Balances of all the items. This option also enables the user to enter the rate, quantity, etc. as per the requirement.

Process to Feed Opening Balances (Stock) in MargBooks

• Go to Master > Opening Balance > Stock.

• A ‘Store List’ window will appear.

• Suppose select 'Main Store'. Press ‘Enter’ key.

• User can view the item list and stock details of the selected store.
• User can select the required item from the list and press 'Enter' to enter its opening stock & details.
• Suppose select WAYOGEST SR 300 and press 'Enter' key.

• User will view the Opening Stock window and enter the required details, such as Batch No., Opening Quantity, MRP, Purchase Rate, Cost per Unit, Value, Sale Rate, and Expiry Date for the selected item.
• User can use the 'Enter' key to navigate through the fields and save the opening stock details.

• Click on ‘Save’.

• After following the above steps, the user can view that the opening stock has been successfully updated for the selected item.