Choose your tracked inventory opening balances date
Your opening balances date for tracked inventory items is the date that Xero records your opening balances journal. Note that this can be different from the date that Xero starts automatically tracking your inventory. Xero starts tracking an inventory item on the date you set it up as a tracked inventory item. Xero does not automatically backdate inventory tracking.
Some things to consider if choosing an opening balances date in the past
- Xero won't let you choose an opening balances date before a lock date.
- Try to select a date when, or close to when, you performed an inventory item count.