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Posted by Golden California Girls on August 20, 2006, 11:51 am
Please log in for more thread options Allan Martin wrote:
>> Allan Martin wrote:
>>>
>>>> On a Quickbooks Bill, I gather that the Items tab is used to record
>>>> inventory items whereas Expenses tab is used for non inventory items?
>>>>
>>>> I'm noticing that all of our purchase orders are having their non
>>>> inventory
>>>> charges placed onto the Items tab. Is this purely aesthetic, or should
>>>> I
>>>> be worried about this placement? I don't see that any inventory is
>>>> being
>>>> created on the balance sheet for such items, so I'm hoping the placement
>>>> is
>>>> just a side effect of creating the Bill from a Purchase Order.
>>>
>>>
>>> I would worry about the placement if I were you. Then again I'm not you
>>> so I don't have to worry. Super question by the way.
>>>
>> Why is it a "super question"?
>
> Not sure. At the time it seemed like a "super question".
Here's what I've found. Tax accountants like account numbers or the expense tab
because that way they don't have to look up things in the item list to see what
account number they are posting to. That's the only reason I've even been able
to come up with. Of course in SlowBooks the item list is king, so why they tell
you not to use it is obvious. If you don't use items you can't look up how many
widget A's vs. widget B's you bought. Tax accountants don't care about
management accounting, their focus is get the tax return done in fifteen minutes
so they can do as many as possible.
That why the question is super.
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