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If we create items with quantities as opposed to hours, will it affect the MYOB Essentials file in any way? E.g. will stock start to appear?
A client provides a service, but when doing the item invoice, would rather show 1 quantity of a pest control treatment than one hour of pest control.
The selling unit of measure for an item in MYOB Essentials determines how that item will appear on the invoices. For example when hrs is selected it will appear as hrs in the Units on the invoice and on the printed copy rather than units.
If you are changing an item's selling unit of measure I would recommend ensuring that you have the correct selling price and Item name. This is to ensure that you are correctly adding that information to the invoice of which the customer can see. There is no affect on transactions already recorded, any changes will be made going forward.
So apart from what shows on the invoice, the selling unit of measure does not come into play anywhere else?
If we choose quantity, it's not going to assume there is stock and create a stock balance or adjustment in the balance sheet or P&L?
Changing the item's selling unit of measure will also affect the Sales by Item detail report as this will show the unit of measure for each transaction.
MYOB Essentials doesn't track inventory values and therefore doesn't do cost of sales and inventory account tracking. When you record a Bill or Invoice for an item in MYOB Essentials the respected allocate to account will be affected by that transaction. Generally an expense account for bills and an income account for invoices.