Acctivate News
Built For
Reference Customers on Inventory Issues
The Inventory Issue transaction in Acctivate allows users to remove inventory from stock and expense it directly to a general ledger (GL) expense account.
Common Use Cases
- Marketing & Promotions
Products given away for marketing purposes can be removed from inventory and expensed to a Marketing GL account. - Internal Use
Companies may issue inventory for internal use. For example, a business that sells office supplies may use pens and paper internally and expense them to an Office Supplies GL account. - NEW – Issuing Materials for a Job/ Sub-customer or Project
Read on below to learn how Inventory Issues can reference a Customer Job or Project, making them even more powerful!
Tracking Jobs, Sub-Customers, and Projects
Acctivate’s Inventory Issues window now supports linking the transaction to a Customer, Customer Job / Sub-customer, or a Project (from QuickBooks Online).
By linking an Inventory Issue to one of these, users can take advantage of job costing and project tracking features available in QuickBooks.
Example:
A building supply company issues a $10,000 invoice to Acme Stores:Northside Store for store refurbishments. As construction progresses, materials are issued from inventory and expensed to a Materials for Jobs account. Each Inventory Issue is also linked to the Northside Store job.
This allows real-time tracking of profitability:
- In QuickBooks Online, review Customer reports or the Projects page.
- In QuickBooks Desktop, use the Customer Job reports.
Related Posts
-
Version 16 Available!
Acctivate Version 16 is available for download! Be one of the first to get your hands on exciting new features and changes, including:
-
Acctivate Query – Turn Raw Data into Answers You Can Use
Every business runs on data, but not every question you have fits neatly into a pre-built report. Maybe you need last quarter’s invoice totals broken…
-
Expanded Support for QuickBooks Online Custom Fields
Your Custom Fields, Perfectly Synced, Now Without Limits Every business tracks the details that matter most to them, whether that’s a sales rep, a project…
Call us at 817-870-1311