When you resume taking Stock Counts after being closed during this pandemic, you will need two Stock Counts to reflect actual COGS usage.
- The first count will establish how much in Inventory you have in house. This count should be compared against your Balance Sheet to ensure proper valuation in your books. You can run the Stock Count Qty Report and compare the values to the Balance Sheet.
- The second count will be the true count to establish COGS (Beginning Inventory + Purchases - Ending Inventory).