I don’t want to use Inventory items etc. I want it to be turned off but at the same time when i make a sales invoice the figure gets added to the sale and the tax goes to it’s designated account. but where is the stock getting decreased for sales and increased for purchases what steps should be take…

OK - things can be setup as you requested but you need to delete any Inventory Item transactions and then un-tick the Inventory Item tab under customise. Also you need to have entered a date under Settings - Start Date. In the BS Asset section you create “one” account called Stock on Hand (NOTE: do…

Inventory accounting using Opening Stock + Purchases - Closing Stock - #63 by Ealfardan

Topic		Replies	Views	Activity
Expanding inventory from retail to manufacturing	38	1212	January 18, 2023
Inventory - Opening and Closing	3	1516	January 18, 2023
Inventory stock record	18	4668	January 18, 2023
Why sale of inventory also increases purchases in P&L	4	1266	January 18, 2023
Balancing inventory	16	2893	January 18, 2023

Expanding inventory from retail to manufacturing

38

1212

January 18, 2023

Inventory - Opening and Closing

3

1516

January 18, 2023

Inventory stock record

18

4668

January 18, 2023

Why sale of inventory also increases purchases in P&L

4

1266

January 18, 2023

Balancing inventory

16

2893

January 18, 2023

Inventory accounting using Opening Stock + Purchases - Closing Stock

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