Inventory Account

In ERPNext, users can either set up a Warehouse-wise Inventory Account or use the default Inventory Account from the Company master, which is 'Stock In Hand.'

warehouse inventory account

From the Version 16, users can also able to set the Item-wise Inventory Account. To do this, they need to enable the option 'Enable Item-wise Inventory Account' in the Company master.

company configuration

After enabling it, users can define the Default Inventory Account in the Item master. Alternatively, they can set a Default Inventory Account at the Item Group or Brand level if they do not wish to define it for each item individually.

item inventory account

Users can choose to use either item-wise or warehouse-wise inventory accounts, but not both.