The following describes the accounting transactions the system creates when you increase the normal stock in the stock take routine.
Prerequisites when the cost type is Standard cost or Average purchase cost
| Quantity in stock | 100 |
| Quantity counted | 125 |
| Cost price | 100.00 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 901 | Stock value | 2500.00 |
If the cost type is:
|
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| 912 | Stock take difference, positive | 2500.00 | Tip: In Financials you should account the stock take differences on a separate account. If you account those differences on the same account as Cost for goods sold (800), it is more difficult to trace stock take differences. |
Prerequisites when the cost type is FIFO
| Quantity in stock | 170 |
| Quantity counted | 245 |
| Last purchase cost in the Item file | 115.00 |
Assume the following FIFO transactions exist in the FIFO file:
| Transaction date | Price | Qty received | Qty delivered | Remaining qty | Stock value |
| 15/10 | 113.80 | 25.00 | 25.00 | 0.00 | 0.00 |
| 31/10 | 113.80 | 75.00 | 75.00 | 0.00 | 0.00 |
| 6/11 | 114.75 | 200.00 | 30.00 | 170.00 | 19507.50 |
Created transactions
The following transactions are created:
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 901 | Stock value | 8625.00 |
The cost price is always retrieved from the Last purchase cost field in the Item file when the stock is increased in the stock take routine. |
||
| 912 | Stock take difference, positive | 8625.00 | Tip: In Financials you should account the stock take differences on a separate account. If you account those differences on the same account as Cost for goods sold (800), it is more difficult to trace stock take differences. |
The following FIFO transactions exist in the FIFO file after the stock take on the 2nd December:
| Transaction date | Price | Qty received | Qty delivered | Remaining qty | Stock value |
| 15/10 | 113.80 | 25.00 | 25.00 | 0.00 | 0.00 |
| 31/10 | 113.80 | 75.00 | 75.00 | 0.00 | 0.00 |
| 6/11 | 114.75 | 200.00 | 30.00 | 170.00 | 19507.50 |
| 2/12 | 115.00 | 75.00 | 8625.00 |