If you want to start using Pandle for stock control, then you will need to enter the opening stock quantities for all the tracked items you have created.
How you do this will depend on whether you are:
If you have not created your items in Pandle yet, you will need to do this first. Please follow these instructions on how to create items in Pandle.
Using Pandle for a new business
If you have just started your business and are in the process of buying stock from suppliers, then you will need to enter the quantity of each item you have purchased when you enter the details of the supplier invoice in Pandle.
After you click 'Save All' and save this invoice, your stock quantity will be updated in the tracked tab of your Items page.
Now you have available stock showing in Pandle, you will be able to select this item when creating customer invoices.
Currently using Pandle
If you or your accountant have been making stock adjustments manually, you will need to know the value of each item and the quantity you currently have in stock.
Once you have this information and have created your items in Pandle, click 'Opening Stock' from the Tracked tab of your Items page.
Now you will need to enter the quantity of each item you currently have in stock, and the total value of each item will be calculated for you:
If manual stock adjustments have been made previously, a new adjustment will probably be needed to remove the currently recorded stock balance.
If you are unsure about this, we recommend speaking with your accountant.
Transferring to Pandle from another system.
If you are transferring to Pandle from alternative software such as Wave, Xero, Quickbooks or FreeAgent, you will need to know the value of each item and the quantity you currently have in stock at the date you are switching to Pandle.
Once you have this information you must enter it in the Opening Balances Wizard, along with your other opening balances.