Inventory Information (ITEM)

Jelfor6
Jelfor6 Member Posts: 6 Novice Member Novice Member

Hi

I have been looking through our items and noticed that where the inventory information, asset account, we have different accounts for different items. I am trying to clean this up so it is neater. Can anyone please tell me what this information does for our financials ?

Thank you πŸ˜€

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,867 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    This inventory asset account is used to track the value of your Items on the balance sheet ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)