asking about: We don’t use qb for inv. We have a start inv, purchases are recorded & end physical, how do we record it all to show true cogs (beg + purchase – end = cogs) on reports?
You are asking about periodic inventory. There are two ways to do periodic inventory, choose one and stick with it, you can not mix and match
1. (my preference) Create an asset account called purchases and post all purchases of item for resale to that account. Periodically, weekly, monthly, etc value […]
Resolution for 'asking about issue: 'We don’t use qb for inv. We have a start inv, purchases are recorded & end physical, how do we record it all to show true cogs (beg + purchase – end = cogs) on reports?' available: Yes.
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