Inventory
v1.0
Updated
Stock Journal and Adjustments
A Stock Journal records stock movements that are not a sale or a purchase — internal transfers between godowns, consumption, assembly adjustments, wastage, or correcting a count. It keeps your inventory accurate without touching a customer or supplier.
Before you begin
Open Inventory → Stock Journal. You will need the items and the godowns involved.
Common uses
- Transfer between godowns: Move stock from one location to another (an OUT line at the source, an IN line at the destination).
- Consumption / wastage: Write stock out when it is used internally or damaged.
- Assembly: Consume components and create a bundled item (for full production, use the Manufacturing Journal instead).
Recording a stock journal — step by step
- Add the OUT lines (what leaves) and IN lines (what enters), each with its godown.
- Udyot values outward stock at its weighted-average cost.
- Save — stock balances update immediately, and with perpetual inventory the matching accounting entry is posted automatically.
Physical Stock vs Stock Journal
Use a Physical Stock entry to set an item’s counted quantity after a stock-take. Use a Stock Journal to record a specific movement (transfer/consumption). Both keep your books and stock aligned.
Tips & common questions
Does a transfer change my total stock value? No — moving stock between godowns keeps the same cost; only the location changes.
Related: Stock Transfers Between Locations, Stock Valuation Methods.