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<div style="color: rgb(0, 0, 0);">Hello All.</div>
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<div style="color: rgb(0, 0, 0);">This is a nice treat about Inventory but are there some “real examples” or “ putting it all together” of gnucash for Inventory or stock of goods management?</div>
<div style="color: rgb(0, 0, 0);">And how this is covered with the invoice.</div>
<div style="color: rgb(0, 0, 0); margin-right: 0px;" dir="ltr">I now that gnu cash is not build for that but small stock would be nice
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<div style="color: rgb(0, 0, 0); margin-right: 0px;" dir="ltr">Woocommerce webshop is in construction so this will be covered mostly by WC.</div>
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<div style="color: rgb(0, 0, 0);" data-signatureblock="true">Would be nice to see some real samples in gnucash to study.</div>
<div style="color: rgb(0, 0, 0);" data-signatureblock="true">Any links or G search links would be nice
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<div style="color: rgb(0, 0, 0);" data-signatureblock="true">Gr. Bert</div>
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<div style="color: rgb(0, 0, 0);" data-signatureblock="true">Verzonden met Windows Mail</div>
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<div><font face=" 'Calibri', 'Segoe UI', 'Meiryo', 'Microsoft YaHei UI', 'Microsoft JhengHei UI', 'Malgun Gothic', 'sans-serif'" style="line-height: 15pt; letter-spacing: 0.02em; font-family: "Calibri", "Segoe UI", "Meiryo", "Microsoft YaHei UI", "Microsoft JhengHei UI", "Malgun Gothic", "sans-serif"; font-size: 12pt;"><b>Van:</b> <a href="mailto:heller@deepsoft.com" target="_parent">Robert
Heller</a><br>
<b>Verzonden:</b> zondag 11 februari 2018 17:15<br>
<b>Aan:</b> <a href="mailto:stepbystepfarm@dialup4less.com" target="_parent">stepbystepfarm@dialup4less.com</a><br>
<b>CC:</b> <a href="mailto:gnucash-user@gnucash.org" target="_parent">gnucash-user@gnucash.org</a></font></div>
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<div id="readingPaneBodyContent">At Sun, 11 Feb 2018 10:55:58 -0500 stepbystepfarm@dialup4less.com wrote:<br>
<br>
> <br>
> On 2/11/2018 9:03 AM, Robert Heller wrote:<br>
> > At Sun, 11 Feb 2018 08:15:56 +0100 Jeff Abrahamson <jeff@p27.eu> wrote:<br>
> > ....... transfer<br>
> > "money" from the vegetable account to a bank account (income when you sell<br>
> > vegetables) and when you transfer money from a bank account to the vegetable<br>
> > account (an expense when you buy vegetables). *I* do this which my inventory<br>
> > of thumb drives. GnuCash does not have "inventory" accounts or any way of<br>
> > dealing with inventory as such<br>
> Inventory MANAGEMENT is something else (gnucash lacks this but that <br>
> belongs in an inventory system*, not "general ledger".<br>
<br>
Yes, I understand.<br>
<br>
> <br>
> But you are saying that gnucash does not support inventory value and <br>
> cost accounting and that is simply not so.<br>
<br>
Only in the sense of not specificly labeling things as "inventory value and<br>
cost accounting". You are right, one can use gnucash to "manage" inventory<br>
value and cost accounting. From the point of a newbie, there isn't a specific<br>
menu of things relating to inventory value and cost accounting, so there is<br>
the *appearence* of a of lack of support for inventory. My intent was to point<br>
the OP in "right direction", one that is not obvious. Inventory value and cost<br>
accounting is handled in GnuCash under "other names" -- it is a matter of<br>
understanding that inventory is really a kind of asset (that is bought and<br>
sold) and can (should) be treated as such, at which point all of pieces fall<br>
into place. The OP wanted to treat his inventory as income or expense and that<br>
what was confusing (to him).<br>
<br>
> <br>
> Let's say incidental to its main activity an organization sells various <br>
> things (tee shirts, coffee mugs, etc.) as a fund raiser. You create <br>
> under Assets (after "current assets" and "fixed assets") a parent <br>
> "Inventory of goods". Under that might be accounts (more likely also <br>
> parents as batches of goods might have different basis) for "tee <br>
> shirts", "coffee mugs", etc. When the organization buys a new batch of <br>
> tee shirts that is a debit to "tee shirts" (or as I mentioned, perhaps <br>
> "tee shirts batch 4" --- the account description can include what the <br>
> unit price was for this batch) and a credit to checking << note: we get <br>
> confused using the supposedly more user friendly terms worrying about <br>
> what sort of "transfer" this is). Each sale of a tee shirt not only <br>
> debits cash and credits "sale of tee shirts" for the sale price but also <br>
> debits "cost of goods sold" and credits the inventory account "tee <br>
> shirts batch N" for the unit cost of batch N << going to be a policy <br>
> decision whether to simply use FIFO or to actually worry about from <br>
> which batch that shirt came. Maybe BOTH come into play. To use your <br>
> example, thumb drives, you might have 8 Gb drives (batches of those) and <br>
> 16 Gb drives (batches of those) so you might want under "thumb drives" <br>
> children "8 Gb drives" and "16 Gb drives" and under each of those "batch <br>
> 1, batch2, etc. and use FIFO there >><br>
> <br>
> <br>
> <br>
> Michael D Novack<br>
> <br>
> * The data kept here things like "number on hand", "physical location <br>
> where shelved", "reorder point", etc.<br>
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<br>
<br>
-- <br>
Robert Heller -- 978-544-6933<br>
Deepwoods Software -- Custom Software Services<br>
http://www.deepsoft.com/ -- Linux Administration Services<br>
heller@deepsoft.com -- Webhosting Services<br>
<br>
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