Update the Stock on Hand Value on Xero

When integrating TradeGecko and Xero, it is important that your Stock on Hand Value (SOH) is accurate from the start. 

This number can be found in TradeGecko on your Intelligence Report > Inventory Stock on Hand.

  • Choose the Cost Value SOH.

 

On Xero, your SOH amount can be found in your Balance Sheet. 

 

 

If the SOH value differs, you will have to do a Stock Adjustment. To do so on Xero, go to Accounts > Purchases > New Bill and key in the following: 

If you have existing SOH value in your Xero account, please ensure that you only stock adjust the difference upwards or downwards. 

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  • Avatar
    Philip Reid

    wont this effect the accounts payable balance

  • Avatar
    Sales Team

    Hey Wa,

    One will be a positive and the other negative, leaving a zero balance impact on the accounts payable. In Xero, there is nothing outstanding so the transaction once approved will sit in the 'Completed' section.

    The other way of doing this is the 'Old School' Journal, but Xero hides this if you are not an accountant or Bookkeeper.

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