TCS Confidential
3 Copyright @ 2020 Tata Consultancy
Services Limited Introduction • Stock Entry is a newly introduced transaction in TCS-iON FnA solution under the General ledger module.
• This transaction is required to be carried out in order to push the correct effect of closing and opening stock in the Profit and Loss account through Retained earnings.
• One can pass this transaction on monthly,
quarterly or annual basis, as and when required based on stocktaking. Based on the above background, let us study the transaction in detail through the help of a real-case scenario involving an accounts manager and TCS-iON executive.
TCS Confidential
4 Copyright @ 2020 Tata Consultancy Services
Limited Scenario discussion Mr.XYZ Mr.iON
(Accounts manager- XYZ Ltd) (TCSiON Executive) Mr. XYZ: Greetings Mr. iON, we had a query involving our Inventories balance which needs to be posted to our financial statements. Kindly help us in doing the same.
Mr iON: Greetings, Mr. XYZ. Yes certainly. We have a transaction known as Stock Entry in FnA’s GL module which serves this exact purpose.
