What is 'stock account' in SAP SBO - SAP Business One?

stock account - Overview

• Component: SBO

• Component Name: SAP Business One

• Description: An account that records the opening quantity of stock in a warehouse, goods issues and receipts, and the closing stock.

stock account - Details

• 
  Key Concepts: 
  A stock account in SAP Business One (SBO) is an account that tracks the quantity and value of inventory items. It is used to record the purchase and sale of inventory items, as well as any adjustments to the inventory. The stock account also records the cost of goods sold (COGS) and the value of the inventory on hand. 
  
  How to use it: 
  In SBO, a stock account is created for each inventory item. When an item is purchased, the quantity and value of the item are recorded in the stock account. When an item is sold, the quantity and value of the item are deducted from the stock account. Any adjustments to the inventory, such as returns or write-offs, are also recorded in the stock account. 
  
  Tips & Tricks: 
  It is important to keep track of all transactions related to inventory items in order to accurately calculate COGS and maintain an accurate record of inventory on hand. It is also important to regularly review and reconcile the stock accounts to ensure accuracy. 
  
  Related Information: 
  For more information about stock accounts in SBO, please refer to SAP’s documentation on Inventory Management.