When Manager has finished the Custom Control Accounts update (I know that some chart of accounts are done, but I believe not all), then I will be upgrading the program and organising my inventory into Inventory Sales - Computers, Inventory Sales - Laptops.
However, I noticed in the roadmap that there is a new feature coming -
Currently, if you need to measure profitability by job, you can use Tracking codes concept. However tracking codes are more appropriate for divisions rather than short-lived jobs. New tab Jobs will allow you to create jobs and assign costs to them.
My understanding was that sub accounts and custom control accounts would be used to manage divisions and tracking codes was to manage profitability by job (which is one of the main reasons why inventory never had the ability to add the tracking codes to the account - I always had to add it manually on the invoice). However, this appears to have changed?
What I have done is created income groups such as
Inventory Sales Income
These are my income divisions using Sub Accounts.
I will then be breaking up Inventory Sales into Computer Sales, Laptop Sales, Whiteboard and Projector Sales etc using Custom Control Accounts so that I can monitor what sales of inventory are the most profitable.
I don’t really do projects like building a bathroom, so I don’t think that I need tracking codes in the future - I have only been using them as at the time Custom Control Accounts and Sub Accounts did not exist.
So how will tracking codes be used in the future, given that sub accounts and Custom Control Accounts should be able to break the income and expenses into divisions and eventually categorise the inventory sales into specific inventory sections.
Or would the tracking codes be used for company divisions such as the New York Brank and the LA Branch.