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OPENING STOCK

Opening Stock

Opening Stock is used to record the inventory you already have when setting up IsleBooks POS for the first time or when adding a new business location.

Once your business begins operating in IsleBooks POS, future stock should normally be added through Purchases, Stock Transfers, or Stock Adjustments instead of Opening Stock.

Adding Opening Stock

  1. Go to Inventory → Products.

  2. Locate the product.

  3. Right-click the product or open the Actions menu.

  4. Select Opening Stock.

  5. Enter the required information, including:

    • Business Location

    • Quantity

    • Purchase Cost

    • Batch Number (if enabled)

    • Expiry Date (if enabled)

  6. Save the opening stock.

The specified quantity is immediately added to your inventory.


Editing Opening Stock

Opening Stock entries cannot be edited directly.

Instead, create a new adjustment entry to increase or decrease the original quantity.

Increase Opening Stock

If your original opening stock was too low, add a new positive quantity.

Example:

Existing Opening Stock

New Entry

Final Stock

10

+5

15


Reduce Opening Stock

If your original opening stock was too high, enter a negative quantity.

Example:

Existing Opening Stock

New Entry

Final Stock

10

-4

6


Set Opening Stock to Zero

To completely remove the original opening stock, enter the negative value of the current opening quantity.

Example:

Existing Opening Stock

New Entry

Final Stock

10

-10

0


Best Practices

  • Use Opening Stock only for your initial inventory or when setting up a new location.

  • Record purchases through Purchases rather than adding additional Opening Stock.

  • If Batch Numbers or Product Expiry Tracking are enabled, enter the relevant batch and expiry information for each opening stock entry.

  • Opening Stock adjustments become part of the product's inventory history and audit trail.

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