User guide

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Click 5. OK, then close and reopen Accounts.
Inventory Part is now available from the Type drop-down on the New Item window.
If you do not want to track inventory on hand for some or all of your items but would like to track sales history, set
up a Non-inventory Part item.
The inventory part item type allows you to keep track of inventory on hand, how many items you have on order,
your cost of goods sold, and the value of your inventory.
Set up an item for each kind of good you have on hand. Do not use the same item for things that have di erent
values (aside from price  uctuations).
Once you use an inventory item you cannot delete or change it to a di erent type of item.
If you record purchases or sales of an inventory item, you cannot delete the item unless you delete all such
transactions for the item. As long as the item is on your Item list, you cannot set up a new item of the same name
but di erent item type. (You can hide unwanted items on your list.)
Stocktake
Many companies that have inventory take a physical stocktake every 6 to 12 months, often at the end of their
 nancial year. For help with stocktake, print the physical stocktake worksheet (one of the inventory reports). The
worksheet shows each item name and description, preferred supplier, and quantity on hand, and has blank lines on
which you can record the physical count.
Although Accounts automatically adjusts your quantities after every purchase and sale, you may need to adjust
them yourself from time to time for reasons such as breakage, theft, shrinkage or  re. If you know about changes to
your physical inventory, record those changes as they happen rather than at year end.
When you adjust your quantity on hand, Accounts assumes that the average cost of the item remains the same and