|
Posted by RobertM on July 31, 2007, 3:55 pm
Please log in for more thread options Laura wrote:
>
>> Laura wrote:
>>>> I have a hundred sets of guitar strings that aren't selling well.
>>>> Musicians are religious about buying their brand of strings but no
>>>> one gives a hoot what brand it is if they buy a single replacement
>>>> string. So, I'm splitting up the sets into individual strings. Is
>>>> there a way in QB 2007 Premier to remove a single set from inventory
>>>> and convert it to six individual items? Sort of like a reverse build.
>>>
>>> You need to use Inventory adjustments to accomplish this. Setup a new
>>> item for the single strings. Reduce the original 6-string item by 1
>>> and increase the newly created one by 6. Click on the Value
>>> adjustment box so that you can adjust the $ amount in both
>>> adjustments. I would think that you would want a net zero $ impact to
>>> inventory when you do these adjustments.
>>
>> The problem is that it requires an adjustment account. Since no value
>> is lost nor gained, what is there to adjust? Do I create a bogus
>> temporary account and then delete it afterward?
>
> No, don't create a bogus account. Since there will be multiple
> transactions posted to the account, you won't be able to delete it.
> Hide, yes. Delete, no.
>
> Most inventory adjustments are posted to the Cost Of Goods sold (COGS)
> account so I would just use that account in this case. Keeps it
> consistant with other inventory adjustments you might do.
OK, I've never done an inventory adjustment in QB because
the help files don't clearly indicate how to do it. Time for
some trial and error education.
Bob
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap