On 9/25/06, David Tangye <..hidden..> wrote:
On Mon, 2006-09-25 at 16:20 -0700, Chris Travers wrote: > Ok, but then you have to enter every serial number at time of > purchase. Yes, or have a 'stock number' assigned by the system. That's what a stock number is. Its physically placed on the item, and perhaps the serial number, etc added into the system on receipt of goods. This is where the system's scope expands beyond basic accounting, to support business operations (stock control, stock receipt, warehousing, distribution etc)
Just a thought-- if you are relying on stock numbers, that is implying that the products are indeed comparable and more properly handled by the standard bulk inventory handling. Note that discrete handling is supposed to be reserved for items that are not directly comparable, i.e. where you can't just substitute one item for another. Why is this important? The reason is that it is generally desirable to have a standard way that financial statements are prepared. If we are picking out COGS values based on random customer selection even where this substitution is possible, then your inventory values and COGS will not be comparable to other companies in your industry. As businesses attempt to attract investors, it is *very important* that the numbers can be compared directly. Again, I am not saying that your request isn't reasonable, but that it should be used as rarely as possible. Best Wishes, Chris Travers