I have not worked with inventory before. I am entering a clients data the P&L has A heading Stock under that it has opening stock and an amount Purchases and an amount closing stock an amount then total stock and an amount its also in the balance sheet as Closing stock as at 31 March.
I like to try and replicate what they have if I can. how do I go about this
I have ticked inventory in the set up and have a made a inventory Item called stock.I have gone to starting balances but not sure what to put where all I really have is the balances
I think I have it in the balance sheet now as stock on hand but I guess I need to get it in the P and l as well ?
Can any one help me set up cost of good sold I am trying to get these into the p&L Opening stock (63478) Purchases (182386) Closing stock 80398 . Then they have total stock and its all under income
Manager won’t automatically do this. Manager just shows Total - Stock
figure which represent net cost of goods sold.
Would be nice if a checkbox could enable this on P&L too.
Thanks lubos That would be better than nothing But I can not workout how to even get that. It is not very specific in the guides for starting balances. Although I hope I dont get to many like this as I have not worked with inventory in manager after all these years
You don’t set up starting balances for profit & loss accounts. Profit & loss statements are your movements for the period of time. Since you have no transactions entered (only starting balances), the movement is zero.