How to set up Manufacturing Cost of Goods Sold accounts

1

Hi

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?

2

Read this topic: Inventory accounting using Opening Stock + Purchases - Closing Stock - #17 by Brucanna. 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.

3

Thank you so much! I guess my search terms were all wrong as I use COGS instead of inventory accounting!

4

Not wrong, just different.