On Tue, Sep 9, 2008 at 7:53 PM, Jeff Kowalczyk <[EMAIL PROTECTED]> wrote: > On Mon, 16 Jul 2007 13:00:34 -0700, Chris Travers wrote: >> > What is the best way to introduce initial inventory to the system? We >> > have a couple of houndreds of different items. >> >> Use a vendor invoice. This is required for correct COGS tracking. > > Could you expand on this? If the initial inventory is already on hand, who > (what account) will eventually pay this vendor invoice?
Here is a little more context-- to do an initial setup, I would suggest the following steps: 1) Create a generic vendor for the initial vendor import (we do this in 1.3 already because inventory adjustments upward hit that vendor) 2) Create a vendor invoice for everything you have on-hand. Pay that invoice out of an asset account. 3) GL adjustment to all appropriate accounts. The above ought to be something that should be eventually subject to automation. The reason for this procedure is that this way the parts are tracked properly so that you have material in the inventory account, and when it is sold, we move that value to the cogs account. > > A preliminary test with 1.2.x indicates that this initial inventory only > becomes available for menu|shipping|receive if I use a purchase order, and > later convert that to a vendor invoice. Is that correct initial inventory > procedure? Menu/Shipping/Receive is to track incoming parts against purchase orders. Similarly Menu/Shipping/Ship tracks outbound parts against sales orders. Hence this is specific to order fulfillment workflows. A part with no purchase order but which has an invoice shows up as available to be shipped in the interface when you have an open sales order. Does this make sense? Best Wishes, Chris Travers ------------------------------------------------------------------------- This SF.Net email is sponsored by the Moblin Your Move Developer's challenge Build the coolest Linux based applications with Moblin SDK & win great prizes Grand prize is a trip for two to an Open Source event anywhere in the world http://moblin-contest.org/redirect.php?banner_id=100&url=/ _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
