Hi All,
What is the difference between inventory Items and Expense Items?
Thanks in Advance
Regards,
Phani
Asset Items and Inventory Items
Hi Phani,
Those Item that needs to maintain stock and tracking are inventory Items. Creating unique Item coding for each SKU?s
Non-Stock able Items that is direct IN & OUT, are expense items. For such items no need to create Item code for all. Only few codes can be created and in PR & PO description can be change
Example
Inventory items
Machine parts, Raw Materials, Any Trading Items etc
Expenses Items
Assets, services, Projects, consumables (Office Stationery) etc.
Regards
Imtiyaz
Those Item that needs to maintain stock and tracking are inventory Items. Creating unique Item coding for each SKU?s
Non-Stock able Items that is direct IN & OUT, are expense items. For such items no need to create Item code for all. Only few codes can be created and in PR & PO description can be change
Example
Inventory items
Machine parts, Raw Materials, Any Trading Items etc
Expenses Items
Assets, services, Projects, consumables (Office Stationery) etc.
Regards
Imtiyaz
If you are looking for accounting entries, you may go through the below thread.
<b>topic.asp?TOPIC_ID=5799</b>
Cheers,
Saravanan TG
<b>topic.asp?TOPIC_ID=5799</b>
Cheers,
Saravanan TG
Who is online
Users browsing this forum: No registered users and 0 guests