Page History
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Note these accounts can be overridden at the item level - initially assigned at category
Item | Description | Category | Purpose |
---|---|---|---|
1 | Use this button to add required accounts | ||
2 | Inventory adjustment | General | This is used as the offset account for an inventory adjustment using the inventory adjustments screen |
3 | Inventory- in -transit | Inventories | This is your system controlled inventory account. This account will be used in logistics when goods are shipped but not yet received - "on the water" |
4 | Sales Account | General | This is the sales account used when these items are invoiced |
5 | Cost of goods | General | This is the cost of goods sold account used when these items are invoiced |
6 | Inventory | Inventories | This is the system controlled inventory account used in all inventory transactions - receipt of goods, Inventory adjustment, Shipment of goods |
7 | AP Clearing | AP Clearing | This is the system controlled account used when goods are received and not yet vouchered. |
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Overview
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