Inventory journal entries for manufacture

1

I am a small business that manufactures items for sale. I am using the following accounts for my journal entries.
Raw Materials - Debit $100
Accts Payable - Credit $100
Work in Progress - Debit $100
Raw Materials - Credit $100
Finished Goods - Debit $100
Work in Progress - Credit $100
Cash - Debit $100
Sales - Credit $100
COG - Debit $100
Finished Goods - Credit $100

With this set of entries, the inventory account values do not change. What am I doing wrong.

Ellen New
Hockley, Texas

2

This is not nearly enough information to offer any suggestions. You need to start by reading the Guides. Based on what you have said, it is doubtful you should have made any journal entries.

3

Therefore you should be using the following tabs:
Purchase Invoices
Production Orders
Sales Invoices

None of your detailed transactions require the use of Journal Entries.
It appears that you are using self created chart of accounts instead of the inbuilt custom accounts.

That is correct
Raw Materials - Debit $100
Raw Materials - Credit $100

Work in Progress - Debit $100
Work in Progress - Credit $100

Finished Goods - Debit $100
Finished Goods - Credit $100

You will note from the above all inventory related entries contra themselves out, so there can’t be any inventory value change.