Understanding DataNinja's QuickBooks Entries
How specific transactions in DataNinja affect your financial statements
Inventory Transactions Tied with Posting Entries
Receipt of Purchased Inventory from Vendors
Debt Inventory Item Asset Account
Credit Accounts Payable
Production
Debit Labor Account
Debit Produced Inventory Item Asset Account
Credit Inventory Shrinkage
Shipment of Sold Inventory to Customers
Debit Accounts Receivable
Credit Inventory Item Asset Account
Isolated Inventory Transactions
Adjust Qty Down
Debit Inventory Shrinkage
Credit Inventory Item Asset Account
Adjustment Qty Up
Debit Inventory Item Asset Account
Credit Inventory Shrinkage
Cycle Count Qty Down
Debit Inventory Shrinkage
Credit Inventory Item Asset Account
Cycle Count Qty Up
Debit Inventory Item Asset Account
Credit Inventory Shrinkage
Scrap
Debit Inventory Shrinkage
Credit Inventory Item Asset Account
Consumption
Debit Inventory Shrinkage
Credit Inventory Item Asset Account
Quick Receive
Debit Inventory Item Asset Account
Credit Inventory Shrinkage
Quick Ship
Debit Inventory Shrinkage
Credit Inventory Item Asset Account
Updated about 1 year ago