im using reckon 2013 selling merchandise and advertising spaces , could someone tell me what item t
Comments
-
Hi Simone
If you need to track the merchandise quantities, set up each individual item as an "Inventory Part", if not, then as "Non-inventory Parts"
Depending on how you "sell" advertising, I would set that up as "Service" Item(s)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
(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!)
0 -
Thankyou so much for your help , while i've got you could you please advise on what to use in the chart of accounts that were pre selected when i created the company account , for instance would i use stock on hand for my merchandise (if it were in stock ) and if you have any further advice on this subject ?
0 -
To give a quick background , i will be selling merchandise and banner style advertising , i have not used reckon for this sort of business before , for the last 20yrs i have been using reckon for selling landscape supplies and earthmoving .0
-
Yes, you could use that account if you've already pre-selected a business CoA setup.
NB: I always choose "Other/None" at setup & add relevant Accounts as I go. Because the program was originally US-based, many of the default Accounts created - & there are often a LOT! - are not applicable to Australia. You can go through the list & "Delete" the unnecessary Accounts - this reduces the list length dramatically & simplifies your system. You can also re-name any Account to whatever title you prefer.
If you're going to track Stock/Inventory ....
- If you want to get a prompt when that item reaches a certain level, you need to ensure you enter the "Reorder Point" (eg minimum quantity) when you FIRST set up the Item. Whilst you can edit Inventory quantities/values down the track, the re-order prompt is only able to be set at initial setup. Afterwards, that field is greyed-out!
- In order for your Stock/Inventory quantities to be accurate, make sure you use the same Item - setup for both Purchase AND Sale use – on transactions where you buy the Item “In” (Bills, Cheques, Credit Card purchases) & sell the Item “Out” (Sales Receipts/ Tax Invoices, Adjustment Notes)
- I find it best to group Inventory Items by Supplier & use the Supplier’s Item “Code” as the Item Name. This allows you to easily view all the Items you purchase from that particular Supplier & minimises confusion as to which Item to use from your list
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
(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!)
0 -
“Service” Items are best for non-physical sales eg labour/time (hours), professional fees or in your case, Advertising Space. Whilst you can still use quantities, these are not tracked - with a running balance - in the system. You can still utilise a specific service Item that you may buy in & invoice out as above.
“Other Charges” are more one-off or miscellaneous things eg delivery charges, late fees etc
NB: “Inventory” & “Service” Item types CANNOT be changed to a different type at a later stage!
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
(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!)
0 -
well thanks again , look like i may go back in and add my own relavent accounts , when you say a business CoA set up , i'm lost can you explain please ?0
-
CoA = "Chart of Accounts" (eg your Accounts list)
When creating a new Company File .... It asks you to "Select an Industry from the List" for the purpose of creating a more industry-specific list (chart) of default Accounts. Right at the bottom of this list is "Other/None" which only creates about half a dozen of these default accounts instead.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
(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!)
0 -
Thank you for your time and help today .0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 10 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 63 About Reckon Community