How do you calculate beginning and endin
Announcement ID: #242073
Published on 07-07-2022
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Description
Many businesses need to purchase products from vendors and enter them into their inventory. This can be accomplished through purchase orders. QuickBooks Online gives you the ability to manage purchase orders so that you can pay your vendors and update your inventory. The basic formula for beginning inventory is: Beginning inventory + net purchases – COGS = ending inventory. Your beginning inventory is the last period's ending inventory. The net purchases are the items you've bought and added to your inventory count.Web page:
