Transcription of PHYSICAL STOCK RECORDING USING QUICKBOOKS - …
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PHYSICAL STOCK RECORDING USING QUICKBOOKS - …
PHYSICAL STOCK RECORDING USING . QUICKBOOKS . OPENING ACCOUNTS. If QUICKBOOKS is to be used for the PHYSICAL RECORDING of STOCK , when the datafile is opened, it should be opened as a service business, because you will not want to enable the inventory features. The accounts will need to be opened for STOCK on Hand (Other Current Asset), Cost of Goods Sold (Cost of Goods Sold), Purchases (subaccount of Cost of Goods Sold), STOCK at Beginning (subaccount of Cost of Goods Sold), STOCK at End (subaccount of Cost of Goods Sold). As Purchases, STOCK at Beginning and STOCK at End are opened as sub accounts of Cost of Goods Sold this will be the sub heading.
Notes prepared by Suzanne Collings 1 PHYSICAL STOCK RECORDING USING QUICKBOOKS OPENING ACCOUNTS If QuickBooks is to be used for the physical recording of stock, when the datafile is
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