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

Jun 22, 2005 5 Replies
W

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.


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T

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.

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A

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

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A

Tara,

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

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T

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.

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A

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.

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