For HandiLedger to produce meaningful reports, the correct account codes must be used for stock and livestock. Each opening stock account code has a corresponding closing stock and stock on hand account code. If the wrong account code is used, problems will be experienced when rolling the client into the next financial year.
Enable the stock option
HandiLedger provides each entity with four stock options:
Primary Production
Livestock
Manufacturing
Trading
For each entity, you need to enable the stock accounts to be used.
Highlight the required entity and click Edit.
Under Include accounts, select the stock accounts that the client requires.
Click Save, Close.
HandiLedger will add the correct account codes to the client’s chart of accounts. You are now ready to start processing the stock information for the client.