What is Stock ledger Report ?

What is a Stock Ledger Report?

A Stock Ledger Report is a detailed record of all transactions affecting inventory items in an organization. It tracks all changes in stock levels due to various operations such as stock in, stock out, stock adjustments, physical stock counts, and stock transfers. This report is crucial for maintaining accurate inventory records and helps in tracking stock movements over time.

 What information does the Stock Ledger Report provide?

  The Stock Ledger Report provides the following key information:

• Inventory Item Name/ID: The unique identifier and name of the inventory item.
• Stock In: The quantity of items received or added to stock.
• Stock Out: The quantity of items that have been issued, sold, or removed from stock.
• Current Stock: The real-time quantity available after all transactions.
• Operations Done:A record of operations such as:
  • Physical Stock: The quantity counted during physical stocktaking.
  • Stock Adjustment: Any manual changes made to the inventory (e.g., correcting discrepancies).
  • Stock Transfer: The movement of inventory items from one location to another within the organization.

 How can I access the Stock Ledger Report?

You can access the Stock Ledger Report through the system interface. For a detailed walkthrough of how to access and interpret the report, please refer to the video provided.

Captions Explained

• Date: The date when the transaction occurred.
  Use: Helps track stock movement chronologically.

• Tran Type: The type of transaction, such as "Opening," "Purchase," or "Sales."
  Use: Identifies the nature of the stock activity.

• Ref No: The reference number associated with the transaction.
  Use: Links the transaction to invoices or purchase orders for verification.

• Stock In: The quantity of stock added to the inventory.
  Use: Tracks purchases or restocking activities.

• Stock Out: The quantity of stock removed from the inventory.
  Use: Tracks sales, wastage, or transfers.

• Cost per Unit: The cost of each unit of the item.
  Use: Helps in calculating inventory valuation and profitability.

• Value: The total value of the transaction (Stock In or Stock Out × Cost per Unit).
  Use: Provides a monetary overview of stock movements.

• Stock: The remaining quantity of the item after accounting for stock in and stock out.
  Use: Displays the current inventory level for each item.

• Stock Value: The total monetary value of the remaining stock (Stock × Cost per Unit).
  Use: Aids in assessing the financial value of inventory.

What filter options are available in the Stock Ledger Report?

The Stock Ledger Report can be filtered by:

• Date Range: Select a specific time period.
• Inventory Item: Focus on specific items or categories.
• Category: Filter by item category to view stock for a specific group.
  
  
  

• Use Case of the Stock Ledger Report

  • Track Inventory Movement: Monitor when and how stock is added or removed.
  • Analyze Stock Levels: Ensure stock availability and avoid overstocking or stockouts.
  • Verify Transactions: Cross-check stock movements with purchase orders, sales, and other transactions.
  • Calculate Inventory Value: Understand the financial worth of your current inventory.
  • Audit and Reconciliation: Use the report for accurate inventory audits and resolving discrepancies.