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Posted by Laura on August 24, 2006, 5:23 pm
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>I have a small firm selling foodstuffs. I'm running quickbooks pro.
> What's the advantage/disadvantage of an item being a stock item or a
> non-stock item? For example if i sell apples and i'd like to know how
> many i sell at the end of the year (compared to pears), should i list
> them as stock or non-stock items. Can i run the same reports regardless
> of the stock/non-stock status?
>
> Sure i keep some items in stock (as in a warehouse), but it seems far
> easier to input an item as non-stock and then do a physical end of year
> stocktake and then list the goods and as an asset.
>
> Would appreciate your comments before I spend hours typing items in the
> wrong class..
It all depends on how you want to track your foodstuffs. From the Help file:
Inventory Part: Goods you purchase, track as inventory, and resell.
Non-Inventory Part: Goods you buy but don't track (such as office supplies),
or materials you buy for a specific job that you charge back to your
customer.
Do you want QB to warn you that you need to order more apples, what your
average cost is and other inventory tracking information? If so, then you
want to use the Inventory Part item.
Are you using a Point of Sale software? If you are, then you could do your
inventory tracking in that system instead of QB.
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