How to Record Opening Inventory
Chris_H
Member Posts: 1
I am just transitioning from Quickbooks to Wave eff. 1/1/21 and I need to book my opening inventory. Where/how do I do this?
0
Chris_H
Member Posts: 1
I am just transitioning from Quickbooks to Wave eff. 1/1/21 and I need to book my opening inventory. Where/how do I do this?
Comments
You should be creating one journal entry from the QB Trial Balance for 31-Dec-2020.
You can create however many Inventory accounts in the Wave Chart of Accounts page you need to describe yours.
My advice; create all the accounts you are going to need before you start on the journal entry.