Professional Documents
Culture Documents
Expense Item:
Inventory Item:
Those Item that needs to maintain stock and tracking are inventory Items. Creating unique Item
coding for each SKU’s
Non-Stock able Items that is direct IN & OUT, are expense items. For such items no need to create
Item code for all. Only few codes can be created and in PR & PO description can be change
For example
Inventory items: Machine parts, Raw Materials, Any Trading Items etc
You cannot define an item as expense and inventoried at the same time. But you can define the item
as inventory item.
And when you want to use it as expense, move it to an expense subinventory.
You should uncheck the asset flag for that subinventory. Make sure that the subinventory accounts
are setup correctly.