7. Inventory

Stock and cost that match the books

1. 1Turn on inventory — Settings › Inventory: average or FIFO cost, and warehouses
2. 2Opening balances — Quantity and cost of each item
3. 3Sell and buy as usual — Sales reduce stock and post cost of sales; receipts add stock
4. 4Stock counts — Create a count; someone else approves it (the counter cannot); stock and books adjust
5. 5Transfers — Move items between warehouses

The cost method can change until the first stock movement, then it is locked. Movements cannot be dated before the latest one.