inventory
We are using square for POS and inventory managment. I do NOT want to also use QBO for inventory managment. I only want to use QBO to show the cost of inventory ( which will then be carried on the balance sheet) I will also reduce value of inventory and increase COGS as sales are made. I will be getting sales and COGS from square reports and I want to enter it manually into QBO rather than integrating the two systems.
So if I'm not using QBO for inventory management, how do I enter the purchases associated with inventory?
And how do I make the COGS adjustment?
Thanks