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title: "Inventory Balances brought fwd"
canonical: "https://wiki.soft1.eu/space/SS5EN/890142721/Inventory%20Balances%20brought%20fwd"
format: markdown
---
Update the next Fiscal Year with the W/h balances  To update the Stock financial data of the current Fiscal Year with the Inventory data resulting from the previous Fiscal Year transactions, you must run the  Inventory Balances brought fwd  job.   Note that: This job is recommended for the opening of the new Fiscal Year. You can repeat the process as many times as needed. That is, you can make corrections in the previous Fiscal Year and re-run the job to update (replace/refresh) the opening inventory data of the new Fiscal Year. There are no restrictions on saving documents, e.g., Purchases or Sales, in the new Fiscal Year. Make sure that the Cost price calculation has been performed for the previous period. You may work as follows: Select  Inventory Balances brought fwd   (Commercial Management → Stock Management→ Opening Balances - Physical Inventory). To calculate the Balance cost, select in  Value brought fwd  which W/Hs will be considered: Only W/Hs that participate in valuation , meaning only those for which the parameter  Include in costing  has been activated in their profile.  All W/Hs , regardless of their participation in costing Select whether the  Standard Cost brought fwd  flag will be activated. If you have set a Standard cost for the Stock Items, it will be transferred to the new Fiscal Year. Enable  Update beginning inventory cost based on what has been calculated from Valuation method,  to update all cost prices (opening- inventory) with the prices calculated by the  official Valuation method . Narrow down the items using filters. Click Run to complete the update.  In the ERP, Reports have been designed to allow you to view and compare brought-forward balances with those of the previous Fiscal Year at any time. Use the  Stock Opening Balances   Report  to check the opening stock balances and track how the Stock Cost Balance is formed while logged into the current Fiscal Year.  Use the  Monthly Inventory Report  and the  Official Stock Ledger , to compare the results between the previous and the current Fiscal Years (Stock Opening Balances) by logging into the previous Fiscal Year.