When you resume taking Inventory Counts after being closed, you will need two Inventory Counts to reflect actual COGS usage.

  1.  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 Count Qty export and compare the values to the Balance Sheet.

  2.  The second count will be the true count to establish COGS (Beginning Inventory + Purchases - Ending Inventory).