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user250922
Level 1

Inventory on Balance Sheet

I import my bank statements and Stripe transactions into quickbooks online. ny purchases from suppliers are marked as Current Assets - Stock. 

 

However, this means at the end of the year the full amount paid is shown as an assets in the balance statement. How do I "draw down" the stock as it is sold? 

 

I don't use Quickbooks for generating invoices etc

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