I seem to have a continuing mental block about the handling of stock at month ends on Sage 50. I am working through the sage self study workbooks (stage 2)
Say I have a client whose y/e is 31st Dec. I am ok with entering opening stock on 1st Jan (Cr stock asset Dr Opening stock).
Come the end of January I am still OK entering closing stock (Dr stock asset Cr Closing stock).
So far So Good!!!
Now, come the end of February my client asks me for a P & L report to show Profit (or Loss) for february alone.
In the study workbooks this situation is covered briefly (On page 9.11 for those who have the workbook Stage 2 book 3) but the entry for stock in the period column is Zero.
IMO This cannot be correct, as the only way to provide an accurate P & L is to include Opening stock at 1st February and closing stock on 28th Feb.
I can see how to adjust closing stock but how do I adjust the opening figure
Any help to get this straight in my head would be appreciated
