Posting opening balances of inventory

The Financial Integration (FI) aspect of Compiere means Accounting Consequence, and stuff that makes Accountants rule. Well, IANA.

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Posting opening balances of inventory

Postby orbov » Mon Oct 16, 2006 1:09 pm

Can you please tell me what material transaction code I use to input opening balances of inventory with their respective values? This would be needed when we set up fresh for an exisitng company. I tried using the GL journal and input the product codes and the quantities but while the values got updated the quantities in the products did not.
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Postby red1 » Mon Oct 16, 2006 1:46 pm

I m not really sure as i havent done this first hand.
U may have to study the import inventory feature in Compiere/ADempiere. I believe offhand that it should resolve movement qtys into the locators.
About costing the products in there, u may use a fictitous vendor to purchase the goods in so that it ends up as accounts' opening balance. Try searching the forums for some more similar points.
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