Hi Guys
How do I input Opening and closing Inventory ? Do I need to open an account in chart of accounts ?
I presume you are selling items from inventory.
Once you create an inventory item you will have a cost of sales account and an inventory on hand account.
Manager will keep track of your stock using your purchase and sale invoices.
Make sure you read the 3 inventory guides.
You can enter your starting stock when you enter all your starting balances, assuming you are moving to Manager from another accounting system
@Angela_Tjitombo, please search the forum before starting new topics. Tracking inventory via opening and closing balances has been discussed, with examples, many times. I am closing this topic. If you have specific questions, you should continue the other discussions.