Inventory-cost disappear

[Brucanna]

@gauravnbs

We don’t maintain stock since we have many items in purchase invoices

If you aren’t maintaining stock, that is, not using the Inventory Items tab then do you need to have that tab activated, if not, then disable that tab as it’s not required.

Now go to Setting > Chart of Accounts and create your own Inventory - cost account which you could call “Books Purchased”. Now you can select that account when entering the Purchase Invoices.

You could read this topic which may help with your situation:

Inventory accounting using Opening Stock + Purchases - Closing Stock

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 taken to correct this.I should know the position of my stock after each sale or purchase. Please help.