Stock

Stock is an extension to Visma eAccounting Standaard and Visma eAccounting Pro. Select Apps and extensions in the left hand menu of the program to buy the stock extension.

When you have bought the extension, you need to activate it before you can start working in it. Read more in Activate the stock extension.

The FIFO principle

The basis for handling stock articles in Visma eAccounting Standaard is the FIFO principle (First In First Out). This means that when an outbound delivery is made, the items that were first delivered into stock, and thus have been in stock the longest, will be the ones taken out first.

Stock adjustments

Stock adjustments are made through inbound and outbound deliveries. Inbound deliveries can be created manually or automatically as the result of performing a stocktaking or creating a credit note or voiding an invoice. Outbound deliveries can be created manually or automatically as the result of performing a stocktaking or creating an order or a sales invoice. Even if the stock adjustments have not been posted to ledger they have affected the stock balance.

Calculation of the stock value

The program keeps track of each article individually and which inbound delivery it originally belonged to, and the stock value is calculated on the purchase price and freight cost that each article was registered with in the inbound delivery.
Stock value = (purchase price + freight cost) x number of articles in stock

Posting the stock value to the ledger

The stock adjustments are not posted to the ledger until you choose to do so. By posting the stock adjustment transactions to the ledger continuously you will always have an updated stock value. As a rule of thumb you should at least post the stock value to ledger when performing a stocktaking and at the end-of-year closing. You post the stock value to ledger on the tab Unreconciled stock transactions.

Please note that when you finish the start guide for the stock extension, an inbound delivery is created. When you post the inbound delivery to the ledger it will be entered as a new stock value. If you previously have posted your stock value to the ledger, for example as part of your end-of-year-closing routine, you should adjust the balance for the stock ledger accounts making sure that the stock value is not doubled. Ask your accountant for advice on how to do this.