We suggest that you enter the stock valuation every month using Tools > Journals (although you may want to confirm this with your accountant/bookkeeper).
For example, say in August stock was worth £2,000; but was £5,000 at the end of September
Dr Inventory £2,000
Cr Cost of Sales £2,000
We suggest you date this on the 31st August.
On the 30th September create a journal to reverse out the August inventory balance:
Cr Inventory £2,000
Dr Cost of Sales £2,000
Finally, journal the September valuate:
Dr Inventory £5,000
Cr Cost of Sales £5,000
Both the latter would be dated 30th September.
For additional help, click here to view all our training options.
Technical support is available on Monday to Friday from 9 - 5. You can call us on 0203 475 4744 or email us at support@clearbooks.co.uk.
Alternatively, visit our Community to view our latest news & updates, raise new ideas, find answers to common problems, ask new queries and speak to other Clear Books users and employees.