I have observed that the Inventory purchased or Sold before the Startup date don’t show up in my Inventory List.
I have set the start date in Manager as per our Bank Account Opening date.
However, we had made purchases (Stock) before opening up the Bank Account.
So, technically these inventories are our Investment (Capital)
But why they don’t reflect in the Inventory List?
Say my Start date is 1st Jan 2016 in Manager.
I purchased Books (stock) on 31st Dec 2015 and set the Starting Balance too. Refer the Sanpshot:
So by setting the Starting Balance for the Purchase, the Purchase invoice shows paid in full.
Which is what i want:
But why is this Inventory not showing in Inventory List?
As, sale of Inventory (books) took place on 29th Feb 2016. But it shows as back order:
Is this the right way to go about the opening stock (Capital)
If i don’t set a start date in Manager, then how will the Purchase Invoice show Paid in Full? As the payment was done by cash before our bank account was opened.