Post Stock Valuation

FAP is able to post Stock Valuation figures at the end of the year and at the end of each period.

At the end of the year

  1. post the closing stock valuation for period 12
  2. post the opening stock for next year 

At the end of each period

  1. post the closing stock valuation for active period
  2. reverse the closing stock valuation for last period

Before you begin

  1. Do physical Title StockTake to bring stock balances up to date.
  2. Do Exclusive Sign-on.

To Post Stock Valuation figures as part of the Sales Ledger Year End

  1. Go to Accounts > Sales Ledger> End > Year End.
  2. Click Next to continue.
  3. Tick the “Post stock valuation figures (Published Only)” option to value and post the Published titles as part of the sales period end process. Otherwise leave un-ticked.
  4. Tick the “Post stock valuation figures (Work In Progress)” option to value and post the Not Yet Published titles as part of the sales period end process. Otherwise leave un-ticked.
  5. Confirm the codes for the stock accounts then click Next to continue.
  6. Confirm the stock valuation figures then click Next to continue.
  7. To continue click ‘Next’. 

This action will

  1. post the closing stock valuation for period 12
    1. CREDIT: Closing Stock Acct (Cost of Sales)
    2. DEBIT: Stock Acct (Balance Sheet)
  2. post the opening stock for next year period 1
    1. CREDIT: Stock Acct (Balance Sheet)
    2. DEBIT: Opening Stock Acct (Cost of Sales)

To Post Stock Valuation figures as part of the Sales Ledger Period End

  1. Go to Accounts > Sales Ledger> End > Period End.
  2. Click Next to continue.
  3. Tick the “Post stock valuation figures (Published Only)” option to value and post the Published titles as part of the sales period end process. Otherwise leave un-ticked.
  4. Tick the “Post stock valuation figures (Work In Progress)” option to value and post the Not Yet Published titles as part of the sales period end process. Otherwise leave un-ticked.
  5. Confirm the codes for the stock accounts then click Next to continue.
  6. Confirm the stock valuation figures then click Next to continue.
  7. To continue click ‘Next’. 

This action will

  1. post the closing stock valuation for active period
    1. CREDIT: Closing Stock Acct (Cost of Sales)
    2. DEBIT: Stock Acct (Balance Sheet)
  2. reverse the closing stock for last period 
    1. CREDIT: Stock Acct (Balance Sheet)
    2. DEBIT: Closing Stock Acct (Cost of Sales)