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Track daily overages and shortages

Set up the accounts and items described below. Use the overages and shortages items in the Enter Sales Receipt window when you are creating a daily sales summary to record any discrepancies. You'll see any overages and shortages in sales reports. Remember to enter a negative number when entering shortages.

Set up overage and shortage accounts

To do this task

  1. Go to the Lists menu and click Chart of Accounts.

  2. Click Account at the bottom of the list and click New.

  3. Create an Income account called Discrepancies.

  4. Create two new income subaccounts-Overages and Shortages-for the Discrepancies account.

Set up overage and shortage items

To do this task

  1. Go to the Lists menu and click Item List.

  2. Click Item at the bottom of the list and click New.

  3. Create a noninventory part item called Overages, and assign it to your Overages subaccount.

    Decide whether you want to mark this item as taxable. If marked as taxable, this amount appears on your sales tax liability report.

  4. Click Next.

  5. Create a noninventory part item called Shortages, and assign it to your Shortages subaccount.

    Decide whether you want to mark this item as taxable. If marked as taxable, this amount appears on your sales tax liability report.

  6. Click OK.

KB ID# H_SALESFORM_TRACK_DAILY_OVERAGE_SHORTAGE
9/30/2016 1:17:52 PM
PPRDQSSWS406 9138 Pro 2017 362362