Hello All. 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 Gr. Bert Verzonden met Windows Mail Van: Robert Heller<mailto:hel...@deepsoft.com> Verzonden: zondag 11 februari 2018 17:15 Aan: stepbystepf...@dialup4less.com<mailto:stepbystepf...@dialup4less.com> CC: email@example.com<mailto:firstname.lastname@example.org> At Sun, 11 Feb 2018 10:55:58 -0500 stepbystepf...@dialup4less.com wrote: > > On 2/11/2018 9:03 AM, Robert Heller wrote: > > At Sun, 11 Feb 2018 08:15:56 +0100 Jeff Abrahamson <j...@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. > _______________________________________________ > gnucash-user mailing list > email@example.com > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > > -- Robert Heller -- 978-544-6933 Deepwoods Software -- Custom Software Services http://www.deepsoft.com/ -- Linux Administration Services hel...@deepsoft.com -- Webhosting Services _______________________________________________ gnucash-user mailing list firstname.lastname@example.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list email@example.com To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.