[Gnucash-nl] inventory management examples or links
BertHeijne op outlook.com
Ma Feb 12 07:25:03 EST 2018
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?
And how this is covered with the invoice.
I now that gnu cash is not build for that but small stock would be nice
Woocommerce webshop is in construction so this will be covered mostly by WC.
Would be nice to see some real samples in gnucash to study.
Any links or G search links would be nice
Verzonden met Windows Mail
Van: Robert Heller<mailto:heller op deepsoft.com>
Verzonden: zondag 11 februari 2018 17:15
Aan: stepbystepfarm op dialup4less.com<mailto:stepbystepfarm op dialup4less.com>
CC: gnucash-user op gnucash.org<mailto:gnucash-user op gnucash.org>
At Sun, 11 Feb 2018 10:55:58 -0500 stepbystepfarm op dialup4less.com wrote:
> On 2/11/2018 9:03 AM, Robert Heller wrote:
> > At Sun, 11 Feb 2018 08:15:56 +0100 Jeff Abrahamson <jeff op p27.eu> wrote:
> > ....... transfer
> > "money" from the vegetable account to a bank account (income when you sell
> > vegetables) and when you transfer money from a bank account to the vegetable
> > account (an expense when you buy vegetables). *I* do this which my inventory
> > of thumb drives. GnuCash does not have "inventory" accounts or any way of
> > dealing with inventory as such
> Inventory MANAGEMENT is something else (gnucash lacks this but that
> belongs in an inventory system*, not "general ledger".
Yes, I understand.
> But you are saying that gnucash does not support inventory value and
> cost accounting and that is simply not so.
Only in the sense of not specificly labeling things as "inventory value and
cost accounting". You are right, one can use gnucash to "manage" inventory
value and cost accounting. From the point of a newbie, there isn't a specific
menu of things relating to inventory value and cost accounting, so there is
the *appearence* of a of lack of support for inventory. My intent was to point
the OP in "right direction", one that is not obvious. Inventory value and cost
accounting is handled in GnuCash under "other names" -- it is a matter of
understanding that inventory is really a kind of asset (that is bought and
sold) and can (should) be treated as such, at which point all of pieces fall
into place. The OP wanted to treat his inventory as income or expense and that
what was confusing (to him).
> Let's say incidental to its main activity an organization sells various
> things (tee shirts, coffee mugs, etc.) as a fund raiser. You create
> under Assets (after "current assets" and "fixed assets") a parent
> "Inventory of goods". Under that might be accounts (more likely also
> parents as batches of goods might have different basis) for "tee
> shirts", "coffee mugs", etc. When the organization buys a new batch of
> tee shirts that is a debit to "tee shirts" (or as I mentioned, perhaps
> "tee shirts batch 4" --- the account description can include what the
> unit price was for this batch) and a credit to checking << note: we get
> confused using the supposedly more user friendly terms worrying about
> what sort of "transfer" this is). Each sale of a tee shirt not only
> debits cash and credits "sale of tee shirts" for the sale price but also
> debits "cost of goods sold" and credits the inventory account "tee
> shirts batch N" for the unit cost of batch N << going to be a policy
> decision whether to simply use FIFO or to actually worry about from
> which batch that shirt came. Maybe BOTH come into play. To use your
> example, thumb drives, you might have 8 Gb drives (batches of those) and
> 16 Gb drives (batches of those) so you might want under "thumb drives"
> children "8 Gb drives" and "16 Gb drives" and under each of those "batch
> 1, batch2, etc. and use FIFO there >>
> Michael D Novack
> * The data kept here things like "number on hand", "physical location
> where shelved", "reorder point", etc.
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Robert Heller -- 978-544-6933
Deepwoods Software -- Custom Software Services
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