Where are 'sales of inventory items'

Hi,

I have recently acquired this software, and have just uploaded all of my transactions etc and went through an allocated them to the appropriate GL. However, the items I’ve went and allocated as the default ‘sales of inventory items’ does not seem to list in the ‘Income’ in the Profit and Loss Statement? I therefore have a couple of questions:

  1. Why is this?
  2. Does it actually contribute, but just not appear? These sales contribute to our Income and therefore profit, so I want it to appear.
  3. If the answer to #2 is no, I’ve created a new GL under Income, is there an easy way to switch over all the transactions held as ‘Sales of inventory items’, or a where in Manager does the total $ for this GL show?

Thanks,
Reece.

So I can see the items aren’t showing up because I didn’t assign them to any ‘Inventory items’. So I’ve answered most of my questions but I still have one:

How can I easily find those transactions I’ve categorized as ‘Sales of inventory items’ but that I have not assigned an inventory item to?

If you select Sales of inventory items account but don’t select actual inventory item, then entry is incomplete and the amount will be posted to special account called Suspense which you will find under equity.

So under Suspense account, you will find list of all transactions that haven’t been correctly categorized. Ideally, you shouldn’t have any transactions under Suspense.

Also see: http://en.wikipedia.org/wiki/Suspense_account

I have exactly the same issue as you do. Surely each Inventory Item can be given a custom sales account (under income) for the G/L posting like any other software. I am aware one cane set up “Sales Invoice Items” but it is not the same.

If anyone has solved this issue, please respond.

Currently, there is only one P&L sales account for all inventory sales. In the near future when Custom Control Accounts are introduced, then you will be able to have different P&L sales accounts.

Custom Control Accounts is listed as #1 on the roadmap of Manager improvements.

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