I am a new user, using version 16.7.42. I have read the guides for Inventory, but they don’t answer this question for me.
I created the starting balance. Then I created a journal entry to post the sale of the item. I chose Inventory on hand and then chose the correct item. I put quantity 1 and the cost of the item as a debit.
But when I go to Inventory Items, the Quantity on Hand for that item increased. I went back to the journal entry and changed the quantity to -1 (to show the sale). It reduced the Quantity on Hand.
But when I went back to look at the Inventory Item later, the Quantity on Hand had increased as though I had added an item (instead of selling an item).
So how do I post a journal entry of a sale (without using invoices, I don’t need them) so that the inventory reduces the quantity on hand?
I am new to this so feel free to point out the obvious. I am not an accountant and have only taken 1 brief course on accounting to understand the basics for my business. I have been using Excel to keep my records and wanted to try Manager to be prepared for when my business grows. I really like it - it’s pretty user friendly for a novice like me.
Thank you for your help.