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Showing results for tags 'inventory'.
Dear Admin, could you tell me please, that Express Accounts have perpetual Inventory System and how to record in journal. I am facing problem to calculate Cost of Goods Sold in Income statement. Right now I m calculating COGS on each invoice and then making manual journal entry. Thanks
Hello all, have you been able to automatically allocate the COGS as an expense in order to be balanced against the inventory? Within the 'Item' Express Accounts configuration, there is a Cost and Expense option. If EA does not support that, how are you managing to reduce the Inventory value overtime? Thank you for looking into this! Perikles
Hello all, I am new to inventoria and I am trying to use the software to create an inventory for my direct sale meat business. However, when I try to add items to inventory it make each item by itself instead of putting all of one type together. For example, it doesn't tell me that I have 10 Ribeyes, it says that I have 1 Ribeye @ 1.6 lbs, 1 Ribeye @ 1.3 lbs etc. so when I sell the ribeye that weighs 1.6 lbs it just says I have 0 in inventory when really I have all the other ribeyes that just have different weights. It there a way that I can have it delete an item once I have sold it and also have it think of all Ribeyes as one product?
I can't seem to enter an item on a PO without it automatically being added to my inventory list. I mean if I order a new sewing machine, I don't need to keep inventory on it.