Authorize Opening Balance – A Summary of the Activity

This activity allows you to authorize the details of the opening balance. Opening balance transaction is created when the business operations in an organization changes over from a manual to a computerized system of functioning or in the event of adding the existing stock of an item into the warehouse. The user must have “Authorize” permission to authorize the opening balance transaction.

The “Select Opening Balance Transaction” page allows you to search and select an opening balance transaction for authorization. The “Authorize Opening Balance” page allows you to modify the main information of opening balance transaction. The “View Item Details” page allows you to view details of items. The “Sub Lot Information” page allows you to modify the sub lot details. The “Serial No. Information” page allows you to modify the details of serially controlled item variants. The “Rate Information” page allows you to modify the rate and value of items if the costing method is not standard cost.  The “Create Lot Information” allows you to maintain lot related information. The “View Storage allocation Details” allows you to view the storage category and storage rule in the warehouse. The “View Warehouse Stock” page allows you to view the warehouse stock information. The “View Warehouse Information” page allows you to view the storage information. Transaction can be authorized from entry page or main page or sub lot page or serial page or rate page

Getting familiar with the pages inside