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STOCK P&L

Sometimes you need to show closing stock of some packing material, printing & stationary, postage etc. in P&L. In case of doctors, you may need to show stock of medicines in Income & Expenditure account.

To do so, you should open a stock account like "Stock Printing & Stationery" & mark the B/S class "Stock P&L/ I&E" with it.  Further you should specify the relevant closing stock in memo stock. To show P&L stock you have to choose Memo Stock option in final accounts. GP rate, calculate stock etc. options cannot be used if you want to show stock in P&L account.