Introduction/Purpose: 

The “closing balance inventory” represents the value of unsold items at the end of a period. This comprises unused or unsold items that have an impact on costs, profitability, and financial reporting.

How To Navigate: 

The navigation includes the following steps for viewing the closing balance inventory in the Financial Accounting system

• Click on the master tab: The master can be accessed by clicking on the master tab on the side menu.

• Click on the closing balance inventory:  The closing balance inventory can be accessed by clicking it from the balance update section.

Listing:

A closing balance update listing in a Financial Accounting system is a feature which provides a list of all closing balance inventory.

• Users can view the following information on the closing balance inventory listing page.

• Account 
  • Account name 
  • Fas code 
  • Chart of accounts 
  • CoA location 
  • Gl type
  • Asset 
  • Liability 
  • Currency 
  • Exchange date 
  • Exchange rate 
  • Asset NGN 
  • Liability 
  • Action 

User can perform the following actions 

• Opening as on: The “Opening as on” function allows users to a date or specific point in time from which they want to view or analyse data or information.

• Export: The “Export” function allows the user to the process of saving or transferring data from a software system or application to an external file format. 

• Search: The “Search” functionality allows users to look for specific information or records within a system. 

• Quick search: The “Quick search’ function provides users with a simplified and faster way to perform a search for specific information within a system.
  • Customer 
    • Name 
    • Amount 
    • Currency 
    • Parent Gl 
    • Customer name 
    • Amount 
    • Currency 
    • Exchange date 
    • Exchange rate 
    • Amount NGN
    • Type 
    • Action 

User can perform the following actions 

• Export: The “Export” function allows the user to process the data and export the data from the Finas system to the external system.

• Import: The “Import” function allows the user to process the importing the data from the external file.

• Advanced search: The “Advanced search” function provides users with more extensive search options and filters to refine their search queries. 

• Show all listing: The “Show all listing” function allows users to display or view all the available records or entries within a particular listing or category. 

• Clear cache: The “Clear cache” function clears the cached data associated with the opening balance update.

• Quick search: The” Quick Search” function allows users to quickly search and locate specific opening balances to update the system.