How to create Closing Stock GL Account in Chart of Account

Overview:

Creating a Closing Stock account in QNE AI Cloud Accounting enables effective management of Closing Stock Value, ensuring accurate Profit and Loss Account business operations.

Solution:

Step 1 - Expand General Ledger > Press 'Chart of Account'

Step 2 -  Press 3 dot Button which next to Cost of Sales > then Press 'New'. 

Step 3 - After Press New > Below Screen will prompt out, Please Fill in 

• Account Code
• Account Name
• Special Account Type

Note: Special Account type please select Closing Stock.  

Step 4 - drop down Press Save and Close. 

Done!

Result.

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