Can I turn off inventory tracking and go back to using cost of goods sold as a category?

If you find that tracking inventory is too much effort, Seller Ledger now makes it easy to return to "cash-based" inventory, where you categorize inventory purchases as "cost of goods sold" when you buy them, rather than waiting until items sell.

To do this, simply go to the Inventory tab, find the Method in the upper right corner, and click the Change button.

You'll be presented with a screen to let you choose to switch back and write of cost of goods sold as they come in. Click the Switch to No Inventory button.

You'll see a message about what will happen to any previously recorded item-level costs. Confirm that you want to Switch to No inventory.

Once you do that, you'll see that any of the prior item purchases have been converted to cost of goods expense transactions. We will allow you to again select "Cost of Goods Sold" as a choice when categorizing transactions (and you will no longer see "Inventory" as a categorization option.

Should do decide to change your mind again, we do try to remember the links between purchases and cost of goods sold entries, so you are welcome to turn inventory back on.