Kirana Opening Stock Entry – New Shop or Year Start

When you start a shop or new year, you need to record opening stock.

What is Opening Stock?

• Stock on hand at the start of a period
• Recorded at cost (what you paid)
• Required for accurate profit calculation

Steps

1. Physical count – Count each item. Note quantity, rate (cost), value.
2. List in format – Item name, HSN (if known), qty, rate, total value.
3. Enter in app – Most inventory apps have “opening stock” or “stock as on date” feature.
4. Verify total – Total value = sum of (qty × cost) for all items.

Tips

• Do count when shop is closed or slow
• Use a unit converter for kg/ltr
• For new shop: opening = first purchase. For year start: carry forward closing from last period.

[Stockkeeper](/ “#waitlist) will support opening stock entry. Join the waitlist. Opening stock guide.