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Former Member
Oct 01, 2008 at 10:18 AM

How to bring the WIP opening balance


Hi all,

We have entered the Raw material opening balance by entering all item's opening qty and rate.

Now I have following questions

1.How to introduce opening balance of WIP in to the system ?

2.In case we wish to sale FG items how to create the opening stock of FG items with what value ?

3.How to transfer/reduce WIP opening balance ?

Our financial year is from 1st April 2008 to 31st March 2009

we have entered raw material's opening balance as of 1st April 2008.