What is Stock Ledger?
Stock Ledger
Book inventory is organized by adding up what came in and what went out for each item during the period.
What it means
In stock ledger, “number” means what is received, and “bull” is what is given away. For each item, one line shows “Beginning Inventory + Incoming − Outgoing = Ending Inventory.”
If inventory history is a line-by-line transaction history, the stock ledger is a summary that combines it by period and type. Compare ending inventory with actual counts to see if they are correct.
At the pen factory
If you look at the stock ledger on the 14th day, only black refill book inventory is 332 pieces, and the counted number is 292 pieces, which is 40 pieces different. And only in that line is "miscellaneous receipts and issues +100".
Why it matters
Even if you have dozens of items, you can find at a glance which item is out of order.
How this differs from Inventory transactions
Inventory history records each movement, and stock ledger adds it up by period.
Related terms
- Inventory transactionsOne line left over whenever inventory moves. It is the same as the transaction details in your bankbook.
- Opening inventoryThe quantity that was present at the start of the period.
- Period closingClosing the record of a period.
- ConsistencyThe total value of all records, the inventory on the screen, and the actual items in the warehouse match each other.