Sales Income under negetive Purchases of inventory items

[itmoto]

You can get 3 reports on inventory for a selected period -

• Inventory Value Movement
• Inventory Quantity Movement
• Inventory Profit Margin

These can be found In Reports Tab.
If you cannot see them click Customise at the top then tick reports you require.

[Jojo]

I tried all of them; they don’t report on how much has been spent on Purchases of inventory items.

[itmoto]

Im not sure if its the correct way to do it or not but what i do to find out what was spent on purchasing Inventory Items on a specified period is to create a Trial Balance Report and add Inventory on hand to Purchases of inventory items.

[lubos]

@Jojo

I tried all of them; they don’t report on how much has been spent on Purchases of inventory items.

Well, then Inventory profit margin report shows sales, purchases and profit margin on each inventory item.

[lubos]

@Jojo

I must reiterate that the Summary -> “Purchases of Inventory Items” screen should be listing Purchase Invoices, not Sales Invoices with Purchase Invoice figures.

I get what you are saying. I’m planning to make it so when clicking on transaction under Purchases of inventory items account, you will get a simple worksheet explaining why that amount has been posted rather than straight sales invoice which doesn’t make it very obvious where the amount came from.

@Jojo

I think that instead of being called “Purchases of inventory items” it should be called “Cost of Goods Sold” - just as you describe it. Otherwise it’s misleading.

I agree, we will rename default names to make them less confusing. Keep in mind, you can rename it yourself too. Go to Settings, then Chart of accounts.