Okay so I create a sales invoice and I mark it as paid.
- Balance Sheet - Bank account value increases, but inventory value stays the same.
- Profit&Loss statement - Revenue increases, but cost of goods sold stays the same.
I'm using stock inventory, and when I pull the stock movement summary report, it shows me an accurate stock quantity adjustment and the related value.
So my question is - why aren't these values automatically adjusting my balance sheet inventory value and P&L cogs?
Do I have something setup wrong, or does sage not offer this sort of automation??
I realize I could make a separate journal entry adjustment, but that seems like unnecessary work. I've been searching for the issue but starting to wonder if it's the software itself. Would appreciate any insight.