If someone has a manufacturing business, how do I adjust the stock (materials) figures for end of year.
Hi Dawn,
To record an adjustment to the stock balance at the end of the year, create a General Transaction between the asset account and the appropriate expense account.
A simple way to keep track of your stock is described here:
http://www.solaraccounts.co.uk/help/how-to-track-changes-in-stock-level.php
However, some manufacturing businesses like to have separate nominal expense accounts for posting their opening and closing stock figures - see this page for an example of how to do this in Solar Accounts:
http://www.solaraccounts.co.uk/forum/topic.php?TopicId=390
Regards,
