I have looked through the cost of goods sold discussion in this forum and it does not answer the question I am asking.
I do not want to control inventory in manager. I just want to be able to enter beginning balances, purchases and then enter a final ending inventory. Both inventory figures entered one time. All without doing the inventory option in Manager. How can I set this up?
Read this topic: Inventory accounting using Opening Stock + Purchases - Closing Stock. It was a lengthy thread, but the approach you are looking for was described beginning at post #17. Locations of a few features have changed in the last two years, but the method remains valid.
Thank you so much! I guess my search terms were all wrong as I use COGS instead of inventory accounting!
Not wrong, just different.