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Service Item Types in receiving's transaction entry

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Posted on by Community Member Microsoft Employee

We have set up several inventory items as Services.

We placed these services on a purchase order and then received them in receiving's transaction entry. the receipt posted to the inventory account.

I thought service items were only supposed to post to sales and cash accounts. Is there a way around this? We order services to go with certain sales items and our vendors like for them to be on the PO, but we really don't want to track quantities.

Thanks for any insight!

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Community Member Microsoft Employee on at

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RE: Service Item Types in receiving's transaction entry

Thanks so much Heather!!
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Heather Roggeveen 9,144 on at

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RE: Service Item Types in receiving's transaction entry

Hi

The receiving transaction still needs to post to a cost account. After all, you have incurred an expense.

Think of the Inventory account field in Item Maintenance as the Inventory / Expense account. If it is an Inventory item, set that account to be your Inventory Control account. If it is a service item, then put the expense account you would want the cost to go to.

Quantities are not tracked in the inventory tables for service items. However, you can still see how many of the "service" you purchased by doing a SmartList or similar. It is quite useful really.

Hope that clears it up.

Cheers

Heather

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