[GNC] How to handle inventory assets in GnuCash?

[Michael or Penny Novack]

On 12/21/2022 4:04 PM, R Losey wrote:
> Granted, and all good points, but they weren't listed in the original 
> question, so it gives a better idea of what you are looking for.
>
No, I was trying to explain that an "inventory system" deals with things 
way outside the scope of something like gnucash. Gnucash is handling 
what is known as the "general ledger" portion of an overall business 
system.

In my use of gnucash (for non-profit organizations) it proved adequate 
for dealing with "inventory" because this was VERY limited. None of the 
organizations was doing much more that required inventory than selling 
and/or giving to volunteers "swag" like organizational tee shirts, mugs, 
etc. Just needed to track well enough to be able to produce "sales", 
:"cost of goods sold", and "recognition expense" (for the 990-EZ) and 
never more than a few batches (FIFO to get cost).and never more than one 
new batch per year of that.

But would be totally inadequate for a business that was selling goods, 
hundreds of different things, each with batches.


Michael D Novack