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Re: Ideal settings for Real Time Inventory Valuation

by
khaled
- 05/24/2015 06:34:29
Thanks Yoshi

I have one more question is ok to replace GR/IR Clearing (or GRNI) with purchases account.

On Sun, May 24, 2015 at 11:43 AM, Yoshi Tashiro <tashiro@roomsfor.hk> wrote:

Here is what I typically set for stockable products.

 

"Income Account"  -> Sales

"Expense Account"  -> GR/IR Clearing (or GRNI)

"Stock Input Account"  -> GR/IR Clearing (or GRNI)

"Stock Output Account"  -> Cost of Goods Sold

"Stock Valuation Account"  -> Stock

 

----------------------------
Yoshi Tashiro

 

From: Khalid Saeed [mailto:khaled@centrivision.com]
Sent: Sunday, May 24, 2015 12:08 AM
To: Community
Subject: Ideal settings for Real Time Inventory Valuation

 

Hello folks

I'd like to know what do I have to choose for the following accounts :

"Income Account"
"Expense Account"
"Stock Input Account"
"Stock Output Account"
"Stock Valuation Account"

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