When you receive a bill from a vendor for a purchase you made, you enter a bill to keep track of what you owe to your vendors and to track your expenses. When you enter the bill, you can indicate whether the bill is for items you want to track as inventory.
If you are purchasing items you track as inventory that you previously purchased at a higher or lower cost, WorkingPoint adjusts the average cost of the item as needed.
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Note: If you start tracking inventory on an existing item BEFORE that item has been sold (appears on future invoices), WorkingPoint tells you how many have already been sold. You must enter a quantity that is equal to or greater than the quantity already sold to begin tracking inventory. WorkingPoint will also recalculate the quantity available and the average cost of the item for transactions on or after the addition of inventory. More |
To add inventory through a new bill:
Fill out the top portion of the bill.
Show me how 
To add inventory, check the "This bill contains items to add to inventory" checkbox.
Choose the item you are adding inventory
to, or click 
to add a new item on the fly.
In the Qty field, enter the quantity of this item you are purchasing with this bill.
In the Cost Per Unit field, enter the cost to you for each unit.
This is the amount it cost you to purchase the item per unit.
Press Tab and WorkingPoint calculates the total for that item.
Click Add Line if you need to add additional inventory for items purchased with the bill.
If you are purchasing services or other expenses, like shipping, in the Bookkeeping Account field, choose the account to assign to the items you purchased on the bill.
The account you choose helps you categorize what you are spending your money on.
(Optional) Enter a description of the item you purchased.
Descriptions might be useful to remind you what you spent your money for.
Enter the amount you spent.
Click Add Line if you need to assign part of the bill amount to another account.
Click Save Bill.
