Introduction
Welcome to our Empress guide series! In this guide, we will explain the functionality and practical application of the Stock Ledger Report feature, a crucial tool for tracking your organization’s stock movements.
Introduction to the Stock Ledger Report
The Stock Ledger Report is your comprehensive record of all stock transactions within your organization. From manufacturing and purchasing to selling and stock transfers, this report keeps you informed of all inward and outward transactions. It’s your key to understanding the quantity, value, and warehouse details of stocks issued, received, or transferred.
When paired with the Perpetual Inventory system, the Stock Ledger Report provides a historical record of all your stock transactions, offering an in-depth view of these transactions all in one place.
Key Features of the Stock Ledger Report
Here are the key features you’ll find in the Stock Ledger Report:
- Incoming Rate: This is the value of the stock when it was added to your inventory. It matches the value entered in the Rate field of the document.
- Balance Value: This is the total value of the remaining stock in your inventory. It’s calculated by multiplying the Valuation Rate by the Balance Quantity of a stock item.
- Valuation Rate: This rate is calculated based on the valuation method you have chosen.
How to Use the Stock Ledger Report
The Stock Ledger Report documents all stock entries, including Material Receipts. The report details include the item name, quantity, incoming rate, warehouse details, valuation rate, and balance value.
You can also click on the Voucher # to open the document that generated the transaction.
Generating the Stock Ledger Report
The Stock Ledger Report is generated from a variety of transactions, including:
- Sales Invoice
- Purchase Invoice (with Update Stock checked)
- Delivery Note
- Purchase Receipt
- Stock Entry
- Stock Reconciliation
To add fields from these Document Types to your report, simply navigate to Menu > Add Column.
Conclusion
By learning to use and understand the Stock Ledger Report, you can maintain accurate, up-to-date records of your inventory, facilitating smoother operations and more informed decision-making. This report is a crucial tool for businesses, helping you to keep track of stock movements and make strategic decisions based on your inventory levels.
For additional support or resources, please visit the Empress Support Center or reach out to our dedicated customer service team. We’re here to help you make the most of Empress and all its features.
Enjoy exploring Empress and stay tuned for more guides in our series!