Account — Inventory - sales

The Inventory Sales account in Manager.io is a built-in account used to record sales of inventory items. While it comes with a default name, you have the flexibility to customize it to better suit your business needs.

Accessing the Inventory Sales Account

To customize the Inventory Sales account:

1. Navigate to the Settings tab.
2. Click on Chart of Accounts.
3. Find the Inventory Sales account in the list.
4. Click the Edit button next to it.

Account Fields

When editing the Inventory Sales account, you'll encounter the following fields:

Name

Enter a new name for the account if desired. The default name is Inventory Sales, but you can rename it to align with your accounting practices.

Code

If you use account codes for identification or sorting, you can enter one here. This field is optional.

Group

Select the group under which this account should appear on the Profit and Loss Statement. This helps organize your accounts for clearer financial reporting.

Autofill Tax Code

If you're utilizing tax codes in Manager.io, you can select a default tax code for this account. This ensures that the appropriate tax is automatically applied to transactions involving this account.

Saving Changes

After making any changes, click the Update button to save them.

Note: The Inventory Sales account cannot be deleted. It is automatically added to your Chart of Accounts when you have at least one inventory item in your system. For more details on handling inventory items, refer to the Inventory Items guide.