You can still use the stock account, Steven_ZA.

When doing so, ensure to enter zero on the Balance column. Afterwards, the balance will automatically update based on the initial cost of stock multiplied by the quantity on hand.

You can use the screenshot shared by my colleague for a visual representation.

Feel free to pin this guide about tracking stock:  Set up and track your stock in QuickBooks Online.

Don't hesitate to mention my name if ever you needed help. Keep safe!