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Do I need 2 Non-Inventory Items ? 1-Sales & 1-Purchases ?

I'm reading the help on QB Basic for Creating Items for non-Inventory Parts...

Step 10 tells me...

"In the Account field, enter an income account for sales and an expense account for purchases."

And, I only see one account field when I try to create a non-inventory part.

So, must I create one non-inventory item to buy stuff and have the dollars go into inventory...

And create a second non-invenrory item to put dollars into sales when I sell things?

(Then I guess use the journal to move dollars from inventory to COGS quarterly or whenever.)

Thanls for any info.

Reply to
Will
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Is ther a box in the item window that reads something like "this item is bought and sold for a specific customer" ? If so check the box and you'll see the window expand to provide you with cost info on the left and sale info on the right.

Reply to
Tee

Yet another question. When will it end? This one is real basic, shame on you.

Reply to
Allan Martin

Tara,

Did you have your coffee this morning? What question are you answering?

Reply to
Allan Martin

The question directly above my post in the thread. I obviously forgot to include the OP but unless you're using a threadless reader it should be apparent that I was answering Will's question.

Reply to
Tee

Well if you had your coffee you would have remembered that Will is being a real pig about asking questions and has reached his quota for year 2005 and beyond.

Reply to
Allan Martin

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