On 12/20/2022 6:00 PM, R Losey wrote:
I guess it would depend on how detailed you wanted to be... you could
create an Inventory asset category, and create as many sub-categories as
you need to. Purchases add to the inventory; sales delete from it, etc.
Yes, but the connection to general ledger (the sort of things here) are
only a small part of an :"inventory system". OTHER pieces would be
things like (but not limited to)
1) Where are these widgets kept? (in what building, on what shelf, etc.)
2) What is the re-order point? (when the number of widgets left falls
below X, order more_
3) From whom are they ordered? (supplier information)
4) Alternate suppliers (if the one in "3" can't fill the order)
5) Usually batch information (cost not necessarily the same for widgets
added to inventory at different times). I've usually just used an
account per batch in the general ledger and so could store that
information in the description but the organizations tended to be
selling very few different sorts of things.
......
Michael D Novack
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