Accounting for WordPress
Inventory items represent the goods and services produced, bought, contracted or consumed by your company. Bizuno offers several inventory types to help manage the various attributes of each item. Some inventory types are tracked in your companies stock (stock items, master-stock items, assemblies) while others are not. All but the documentation type affect your companies financial position.
To better help organize your inventory items, Bizuno has a built in category and field tool. Attributes of inventory items can be added to category groups which can then be used in reports, forms, imported, exported or transferred to interface third party applications. For example, a category named packaging may be added to the inventory items and fields for package length, width, height and weight may be added to the category
Stock – Represents items that are stocked by your company. This includes items that are purchased and re-sold by your company without any value-added provided by your company. Retail type companies typically use stock type items. Stock item movement and cost is tracked in the general ledger.Master-Stock – Master-stock items are items that contain attributes associated with the item. For example, a shirt item would have the attributes size and color associated with each item. Bizuno will assign a unique item id to each variation to track inventory activity of each size/color item but retain the link to the master stock item for reporting activity. Master-stock item movement and cost is tracked in the general ledger.Serialized – Serialized items are items that are assembled and sold by an unique serial number. Serialized item movement and cost are tracked in the general ledger.Assemblies – Item assemblies consist of one or more inventory items grouped together and sold as an individual item. This inventory type can also be used to group items sold as packages. Assembly item movement and cost is tracked in the general ledger.Non-stock – Non-stock items are physical items whose costs are not tracked in the general ledger. They may include supplies, packaging material, assembly materials, etc.Labor – Labor items are associated with employee chargeable time. Labor may be applied to either internal work order activities as well as labor charges to customer for services performed. Labor is typically charged by a time unit (hourly, daily, etc).Service – Service items are items that typically represent a fixed charged for a service. For example, a packaging charge or handling would be a service. Service costs are tracked in the general ledger.Charge – A charge item would be a fixed price charge for materials and/or services. Shop supplies and disposal fees would be examples of charges. Charge item costs are tracked in the general ledger.Activity –Description – This is a text only item used to communicate information. No cost or activity is tracked in the general ledger. The description item would be typically used for standard statements included with purchase orders, sales orders, etc.
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