![]() To get your cost of sale for non-serialized inventory, since they cannot be depreciated you would either run a "Non serialized Cost of Sale" report, inventory menu option 8 or you would expense them when you purchase the items instead of when you sell them. Non-serialized means more than just an item that does not have a. purchase requisitions, and requests for price quote is non-editable. This topic will explain the differences between serialized and non-serialized inventory. You can have 1000 of the same non serialized item and they are all represented by 1 inventory record that says the quantity is 1000. You can identify an item as an inventory item, meaning that it is something that. This is the way non-serialized works in RTO Pro, you start with the quantity you receive and as you sell or rent them the quantity on hand is reduced. The grocery store does not care where can #4 went, they only care about quantity, they purchased 100 cans and sold 4 so they should have 96 left. They do not track each can individually and there is no unique number on each can, they all have the same UPC number. First In, First Out - FIFO: First in, first out (FIFO) is an asset-management and valuation method in which the assets produced or acquired first are sold, used or disposed of first and may be. Think of non-serialized like cans of soup at your favorite grocery store. Non-transparent inventory is inventory that has been indexed as reportable, but uses URLs that diverge from URLs youd normally see when visiting websites. ![]() * You can NOT see how much income each one has. Capital goods such as machinery that are not used up during a manufacturing process and thus retain their identity and features. ![]() * You can NOT see where each one has been, there is no complete history of transactions for each individual item. * You can see how much income each one has. * You can see where each one has been, a complete history of transactions. If you decide to receive items as serialized that do not have a serial number you can always make one up or have RTO Pro generate serial numbers for you. Non-serialized means more than just an item that does not have a serial number, if you are receiving items without a serial number you should review the differences below and decide if you want to use serialized or non-serialized. This topic will explain the differences between serialized and non-serialized inventory.
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