accpac simply accounting 9.0 Benutzerhandbuch

Chapter 9:  Setting Up a List of Inventory and Services 

User Guide    9–3 

 

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Add Accounts to Keep Track of Inventory and 
Service Items 

 

You must set up accounts to track the goods and services that 
you buy and sell. Inventory items (physical goods) must be 
associated with an asset, a revenue, and a cost of goods sold 
account. Service items need a revenue and an expense account. 
These accounts are described below. 

You can use the same set of accounts for each item. However, we 
recommend that you create a set of accounts for each category of 
items. For example, if you own a grocery store, you might create 
a set of accounts for fruits and another for bakery items. 

Asset account (Inventory items only).  This account records the 
value of the items you have in inventory.  

Revenue account.  Simply Accounting updates this account 
when you sell goods and services. For service items, this account 
is optional.  

Cost of Goods Sold (Expense) account.  Simply Accounting 
updates this account when you sell goods and services. For 
service items, this account is optional.  

Variance (Expense) account (Inventory items only).  If you 
allow inventory levels to go below zero, Simply Accounting uses 
the variance account to record any differences in cost of goods 
sold caused by negative inventory. If you do not want to keep 
track of this variance, you can select the same account that you 
used for Cost of Goods Sold.  

For information on adding accounts, see “Adding Accounts” in 
Chapter 2. 

Once you decide how to organize your inventory list and have 
added the accounts you require, you can add your items to