Setting Up Account Sets

Account sets are groups of general ledger accounts to which you post Inventory Control transactions. Each account set also has its own costing method.

By defining more than one account set, you can group items by the accounts to which you post item transactions in your general ledger, or by the inventory costing method you use for valuing inventory and determining the cost of goods sold. (For information on costing methods, see "Costing Methods.")

You can use as many account sets as you need for your inventory items. For example, you may wish to use separate account sets for different item categories, for items assembled in different areas, or for items obtained from different suppliers.

Adding account sets. You use the Account Sets form in the Setup folder to add account sets.

Contents of account sets

Selecting a costing method

See also

 

Account Sets form

Steps for setting up Inventory Control