Accounting for stock loss
Is there a way to account for lost stock - such as those which are damaged or go beyond their sell by date?
I have currently managed as a stock adjustment, but then there is no accounting for its loss it seems.
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Comments
8 comments
Right now we don't have a way to do this; but you could enter it is an expense.
Selling an item with a 100% discount will account for the cost and remove the item from inventory, if I am not mistaken.
That works too!
if you can include a complete accounting package in the next update, it will be wonderful,
We are developing an integration with quickbooks online for this.
why don't you use quickbooks web connector for integration for quickbook desktop, it will be more easy to setup by your customer
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.
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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