On 7/20/2024 6:30 PM, flywire wrote:
GnuCash does have an inventory system but it has been
increasingly customised to stock (shares not livestock). Inventory
(businesses refer to it as stock) is a standard part of most business
taxation systems and It has little to do with point of sale.
Huh?
Assume a retail business. A sale takes place. That is handled by POS
which figures the transaction (what taxes applicable, etc. and sends a
transaction to general ledger involving accounts cash, sales, tax
liability, etc. (but not cost of goods sold). POS also sends a
transaction to inventory to deduct the widget sold from stock. Inventory
checks for actions that might result (time to reorder?) and also sends a
transaction to general ledger for accounts inventory and cost of goods
sold.
Still think POS and inventory have nothing to do with each other?
Notice that inventory would be doing a lot of non-money things. Like
where (what bin to find them in), restock amount, who to order from,
alternative suppliers, etc.
Michael D Novack
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