Enter a beginning inventory
In Money, you enter your beginning inventory the same way you create a new product. On your Schedule C, the value of your beginning inventory for this year is the same as your ending inventory for the prior year.
  1. Click Business, and then click Products & Services.
  2. Below the list, click New.
  3. Follow the instructions on the screen.


For quantity, enter your quantity on hand at the beginning of the year. This quantity is your beginning inventory for this product.