Inventory - Opening and Closing

[tracie]

My question is where to enter the figure for opening and closing inventory (in value) for a financial year.

[Brucanna]

Read all the way through the below topic and see if it answers your question

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.

[tracie]

@Brucanna Thanks. Got the answer and downloaded the latest version.

Now learning way to do the coding.