Inventory and payroll
Tue, 12 Sep 2000 10:47:40 +1100
Phillip Shelton wrote:
> Then maybe you can answer why you keep the _number_ of shares that you own
> in any one company. Because the _number_ of shares is an inventory problem
> not accounting.
Shares are a special simple case, and are easily included in the
accounting program. Being an intangible property which you are not
retailing (presumably :-)) removes a lot of the complexity.
On the other hand, I have 2 retail locations and a storage area, all
carrying slightly different sets of inventory, with different levels at
which they need to be restocked, and different sale prices. That is not
the sort of information you really want cluttering up your accounting
program. Stock location, discounting structures, reorder levels, etc are
irrelevant to the accounts.
Conrad Canterford (firstname.lastname@example.org)
Water Sprite Pty Ltd | email@example.com
GPO Box 355, | Incorporating:
Canberra, ACT, 2601 | Australian Tour and Event Management (ATEM)
Australia. | Ticketing Services Division
Phone: 0419 122 553 | Catering Services Division