Accounting for stock loss

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8 comments

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    Chris Muench

    Right now we don't have a way to do this; but you could enter it is an expense.

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    Erick

    Selling an item with a 100% discount will account for the cost and remove the item from inventory, if I am not mistaken.

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    Chris Muench

    That works too!

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    Write2alex

    if you can include a complete accounting package in the next update, it will be wonderful, 

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    Chris Muench

    We are developing an integration with quickbooks online for this.

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    Fiexk Morency

    why don't you use quickbooks web connector for integration for quickbook desktop, it will be more easy to setup by your customer

     

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    Chris Muench

    Intuit doesn't seem to be supporting QB desktop as much as online (from a product perspective they push online a lot more).

    Also being online makes it much easier to integrate an online application with. Our first integration will be with online and then possible qb desktop via web connector.

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    RGV BREW

    I "sell" scrap/damage/etc to a Customer named SCRAP.  The customer is set with tier pricing equal to cost.  This depletes the inventory, doesn't show a profit and gives me a tracking mechanism for such loss.  And I can easily exclude that customer from SALES reports so my profit percentage is not skewed.

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