Archived
05-03-2008, 08:06 PM
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(2/28/2001 12:34:50 PM) Scott wrote:
How come when I enter a cash sale the quantity is deducted from the inventory, but the actual check amount is disregarded and the original cost of the inventory added is deducted? ====================================
That's just the way QuickBooks works (it uses the Average Costing inventory model). See the inventory discussion on p. 280 of the Cookbook.
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Is there a way to change this? I would like the amount on the cash sale receipt to be deducted from the inventory balance.
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No. That's why, if you want to print Balance Sheets directly out of QuickBooks, you have to manually adjust inventory values for doing so.
Mark Wilsdorf
Flagship Technologies, Inc.
http://www.goflagship.com
(2/28/2001 12:34:50 PM) Scott wrote:
How come when I enter a cash sale the quantity is deducted from the inventory, but the actual check amount is disregarded and the original cost of the inventory added is deducted? ====================================
That's just the way QuickBooks works (it uses the Average Costing inventory model). See the inventory discussion on p. 280 of the Cookbook.
====================================
Is there a way to change this? I would like the amount on the cash sale receipt to be deducted from the inventory balance.
====================================
No. That's why, if you want to print Balance Sheets directly out of QuickBooks, you have to manually adjust inventory values for doing so.
Mark Wilsdorf
Flagship Technologies, Inc.
http://www.goflagship.com