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October 22, 2023
Question

Wholesale & Manufacturing Inventory, split income accounts?

  • October 22, 2023
  • 1 reply
  • 0 views

Is it possible to have one inventory item assigned to two different income accounts? I need to track inventory but be able to track the sales between two different income accounts.

I am using Premier Plus Manufacturing and Wholesale Edition 2023

1 reply

Nicole_N
October 22, 2023

Hi there, @KPAZ. I can see the importance of assigning different accounts per item to track the sales between two accounts.  I'll share some insights regarding QuickBooks Desktop's capability to do this.

 

Please know that you can only assign one income account per item to maintain simplicity and consistency in financial reporting. By associating each item with a single income account, it becomes easier to track and categorize income sources. This approach allows for clearer financial analysis and reporting, as well as streamlined bookkeeping processes.

 

To ensure you'll be using a proper account to track the service items, I'd highly recommend consulting your accountant so you’ll be able to handle the income in your book correctly. If you're not associated with one, we can help you find one through this link: Find an Accountant
 

I've added some articles about personalizing reports, managing assemblies, and other related topics:

 

 

If you have any further questions or concerns, please don't hesitate to reach back by clicking the Reply button below.