Good afternoon,
I make greeting cards and already have a lot of materials.
Do I need to include this when starting up?
How can I determine the value of the inventory, given that it consists of paper, stamps, ink, etc.? Or should this be included in a category other than inventory?
Or can I start up without inventory?
Thank you in advance for your help.
I would first enter this as an expense. If you search for "old" in the learning center, you will find an article about this.
Only at the end of the year (31 December), will you then see if you still have inventory.
So enter it as an expense first :)
If I understand correctly, I should not enter the initial inventory? But only enter the value as an expense for trade goods?
Hello, I actually had the same question and I still don't know how to solve it...
Hello,
I bought the inventory from my private collection.
I drew up a sales receipt for this and entered it as an expense.
At the end of the year, I have to enter the remaining inventory. So I don't have any initial inventory. That's how it was explained to me.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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