Item List Review Checklist
Creating a new item list?
-
Make sure you are selecting the correct item type. (Page 68)
-
For service, non-inventory, and other charge types select the box This Item Is Used in Assemblies or Is... so that you can assign both an expense and an income account. (Page 75)
-
Ask for help from your accountant if you are not sure what accounts to assign to the items. (Page 70)
What to look for:
-
What to look for when you are concerned your financials might not be correct. (Page 70)
-
If your chart of accounts is too detailed, consider using items to track the detail. (Page 64)
-
Make sure your items have the right accounts assigned. (Page 70)
-
If you sell the items you buy, make sure they are set up properly. (Page 75)
-
Marking items no longer used as inactive. (Page 78)
-
Merging duplicated items. (Page 80)
-
Would rearranging items into groups make getting the reports you want easier? (Page 81)