Lesson 2 Test | Ordering & Receiving Inventory

When setting up My Preferences for Items, you can enable a variety of system defaults such as, The Asset Account, COGS/Expense Account, Income Account, and Markup Method.

Many service companies use this feature to track inventory per truck. These also make it easier to track the transfer of inventory from one place to another.

When creating Invoice Items, these types require that an Asset Account be assigned.

Use this feature to alert users that three widgets have been added to a sales form and therefore the Customer should be given a special recommendation to either buy one additional widget or address

the reason three were purchased because widgets are usually sold individually.

What item type should you use for inventory that you assemble from other items and then sell?

The Item Reservation feature allows you to reserve ____ and ___ for specific ____.