Inventory

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  • SamTitus
    New Member
    • Mar 2017
    • 3

    #1

    [Question] Inventory

    Hello All, I have never worked with inventory before and have no cooking clue what to do. I am currently using pastel xpress.
    I have been given a bunch of books as a donation which we intend to sell at our next fund raiser.
    where on pastel do I go to capture all these books I have received. I would like to capture them by title & author name and the value of the books, when we do sell them at our next fundraiser, how do I capture the ones that I sold?
  • Dave A
    Site Caretaker

    • May 2006
    • 22807

    #2
    Originally posted by SamTitus
    I would like to capture them by title & author name and the value of the books
    Why?

    Originally posted by SamTitus
    when we do sell them at our next fundraiser, how do I capture the ones that I sold?
    Exactly.
    If you've never seen the need to manage stock in your accounting software before, I gently suggest this isn't reason enough on its own to start now.

    Being donated, the acquisition cost of the books is zero. If you intend to sell them in the short term, by all means price them - but I recommend not claiming "value" in your financial accounts until they are sold.

    (Sorry for butting in. I know you were just looking for the mechanics, but I couldn't ignore the probability that you were creating an entirely avoidable rod for your own back for no good reason).
    Participation is voluntary.

    Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services

    Comment

    • SamTitus
      New Member
      • Mar 2017
      • 3

      #3
      thank you for replying to me, lol No butting in, please I welcome any advice you can give me. I want to understand this section and do it right from the word go.
      Please can you advice how I must keep record of all nonmonetary donations received and sold (at the moment I am capturing it on excel)

      Comment

      • Dave A
        Site Caretaker

        • May 2006
        • 22807

        #4
        Using an invoice line item called "Sale of donated goods" or something along those lines to track the sales income as it is realised would seem the simplest solution.

        Of course there may be good reason to add additional complexity. I just suggest you only add complexity if and as it is actually required.
        Participation is voluntary.

        Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services

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