taken from the
When trading in Stock Items, and you have an existing business,
you first need to take on your closing stock quantities and values (prices) from
your previous accounting system's records, unless you have converted your data
from a previous version of TurboCASH or Pastel version 5.2. This is necessary
before you start processing any transactions for your Stock Items.
Should you have started a new business, and start to use TurboCASH as your accounting system from the start, you first need to setup your Stock Items and process the purchases, before you can start selling Stock Items. In this case, you will not use the Stock Items Take-on Adjustments option.
It may happen from time to time that you have to do some adjustments regarding your Stock Items regarding the average and latest cost and quantities. To view more on each of these Stock Adjustments, click on the Adjustment Options on the Stock Item screen in this Help topic.
To adjust Stock Items:
Click on the Input - Adjust Stock menu option or press the 
and 
keys on your keyboard. Alternatively you may press the 
and 
and
keys on your keyboard.
The Sock Item screen displaying all of the Adjustments Options and listing all
your available Stock Items will be initiated.
Select the Adjustment Option. The screen will
change to reflect the applicable fields for the selected adjustments.
Should you have started a new business, and start to use TurboCASH as your accounting system from the start, you first need to setup your Stock Items and process the purchases, before you can start selling Stock Items. In this case, you will not use the Stock Items Take-on Adjustments option.
It may happen from time to time that you have to do some adjustments regarding your Stock Items regarding the average and latest cost and quantities. To view more on each of these Stock Adjustments, click on the Adjustment Options on the Stock Item screen in this Help topic.
To adjust Stock Items:
Click on the Input - Adjust Stock menu option or press the and keys on your keyboard. Alternatively you may press the and and
keys on your keyboard.
The Sock Item screen displaying all of the Adjustments Options and listing all
your available Stock Items will be initiated.
Select the Adjustment Option. The screen will
change to reflect the applicable fields for the selected adjustments.
| Option | Description |
| Average and Latest Cost | This option allows you to adjust either the average cost or the total cost of a particular line item. If you change the average cost, TurboCASH will change the total cost for you (depending on your quantity on hand), and if you change the total cost, TurboCASH will change the average cost. |
| Quantity and Average Cost | This option allows you to change the quantity of stock on hand. The total cost price will remain unchanged, but the average cost price will be changed due to the change in quantity. |
| Quantity and Latest Cost | This option allows you to change the quantity of stock on hand. The average cost price will remain unchanged, but the latest price will be changed due to the change in quantity. |
| Selling Price | This option allows you to change the selling price of a range of stock items or a selected stock item by a percentage or change the selling price for a specific stock item. |
| Stock Take-on |
This option allows you to take-on stock before you begin
trading. It is like entering your stock quantity opening balances. It is very important that you either do a take-on of each of your stock items or that you enter a purchase for each item, before selling any stock. If you create an invoice for a stock item, before having done a stock take-on, TurboCASH will not know the item's cost price and will update your cost of sales with a zero amount. This will over-inflate your profits. |
