Editing Default Export to QuickBooks Settings
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Inventory is managed in one of two ways when SME is syncing with QuickBooks: | Inventory is managed in one of two ways when SME is syncing with QuickBooks: | ||
− | <br>· '''As SME Only Inventory''' – Go to the | + | <br>· '''As SME Only Inventory''' – Items are maintained in SME and inventory Cost of Goods, Inventory Asset, and Sales Income accounts are passed through SMP_Item. (After your initial sync with QuickBooks, you will see '''SMP_Item''' in your QuickBooks Item List. Set the income, sales, and COGS account on the SMP_Item) |
+ | <br>Go to the [[GL Entries for SME Inventory]] page to review the settings required to maintain inventory in SME only. | ||
<br>· '''As SME and QuickBooks Inventory''' – inventory items are synced and are maintained in both applications. Invoicing for material in SME decreases stock in QuickBooks. Creating Purchase Orders for material in SME increase stock in QuickBooks. Manually changing stock numbers will have to be done in both SME using [[Inventory Quantity Reconciliation]] and also in QuickBooks. | <br>· '''As SME and QuickBooks Inventory''' – inventory items are synced and are maintained in both applications. Invoicing for material in SME decreases stock in QuickBooks. Creating Purchase Orders for material in SME increase stock in QuickBooks. Manually changing stock numbers will have to be done in both SME using [[Inventory Quantity Reconciliation]] and also in QuickBooks. |