How to Add Opening Stock in Odoo 18 Inventory
Overview
Managing inventory is a cornerstone of effective business operations, influencing everything from cash flow to customer satisfaction. For businesses using Odoo 18, accurately setting up opening stock is a crucial step, particularly when starting a new fiscal period or transitioning from another system. Opening stock serves as the initial quantity of products in your inventory and provides the foundation for all future inventory movements. In this guide, we'll outline the steps for setting up opening stock in Odoo 18, ensuring that your inventory management is accurate and reliable from the start.
Adding Opening Stock
In the Inventory Module, create a new product. Eg:Plate .
To create inventory adjustment, go to Operations > Physical Inventory.Click on the New button to create a new adjustment. Now select the location where you want to add the opening stock. Choose the product just created (Plate) to adjust the stock levels.
To reflect the stock enter the initial quantity of the product.After entering all the details, save the inventory adjustment to update the opening stock. After saving , validate the adjustment to confirm the changes made to the inventory.
The original quantity of goods on hand is set to zero during the adjustment process. The Difference field shows the gap between the on-hand stock and the counted stock. By using the Counted Quantity as the initial stock, you are essentially setting the opening stock in Odoo. After making the necessary changes, click Apply to confirm the adjustments. Once applied, the On Hand Quantity will be automatically updated to reflect the changes.
Next to verify the stock levels check the product's inventory in the specified location.Click the "History" button to view the stock details.
Conclusion
Setting up opening stock correctly in Odoo 18 is essential for maintaining inventory accuracy and smooth business operations. By following the outlined steps, you can ensure that your inventory records are aligned with reality, allowing for more efficient management moving forward. Whether you're transitioning from another system or setting up a new warehouse, properly managing your opening stock is the first step toward seamless, effective inventory control that supports the growth and success of your business.
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