Cause:

This mismatch appears due to Stock Less entries not affecting the Profit and Loss Account but the stock valuation report gets generated with the stock Less Entries.

Solution:

In order to resolve Mismatch Between Closing Stock of Profit and Loss and Stock Valuation, the user needs to follow the below steps:

• Go to Stocks > Stock Valuation.

• A 'Stock Valuation' window will appear.
• In 'More Option', the user will select 'Yes'.

• In 'Stock Less', field the user will select 'No' and press 'PageDown' key.

• Now the user will select 'Accept'.

1. Go to Final Reports > Profit & Loss.

2. A 'Stock Valuation' window will be appear . Click on 'All days'.

3. In 'Update Opening' field the user will select 'No' .

4. In 'Valuation On' field the user will select 'Cost+Extra' and press 'Enter' key.

5. Now the user will run Error Checking.

Cause:

This issue also appears when Item Stock is Negative.

1. The user needs to remove Negative Batches in All Items Run Batch Updation for All Items.

2. The user needs to remove Negative Batches Company wise Run Batch Updation Company Wise.

3. The user needs to remove Negative Batches in Particular Item Run Batch Updation Single Item Wise.