How do I correctly add inventory total in quickbooks ?

Hello, I am trying to enter an inventory total in quickbooks desktop, I do not want to track inventory as my point of sale does that I simply want an asset account with the total combined inventory amount, This is a restaurant so i made an other current asset account and called it food inventory, what i am unsure about is what account to take the amount from, would I take it from my food purchases account which is a cost of goods sold account which lowers my cost of goods sold in profit and loss report so the inventory amount would not be deducted on taxes at the end of the year ? is this how i should be doing it or is there a better way ?

Also, When I acquired the business I also acquired the debt that came with it, there was a line of credit loan made to the business of approximately 5,800.00 but there was approximately 1,800.00 in there bank account, I set quickbooks up under new company name transferred the 1800.00 to the new business checking account and put in the remaining 4000.00 out of my own pocket and paid the debt, to track this in QB i transferred 4000.00 from owners equity to bank account, then made entry in bank account for 5,800.00 paying line of credit to miscellaneous expense account and made an entry in the bank account for the 1800.00 that came from the previous account also to misc. expense account which lowered the total for misc. expense since the 1800 wasn't an expense of mine. Is this ok to do this way or did i do it totally wrong ?

help qbteachme !!! :smileyhappy: