Creating Expense Codes
An expense code is a code assigned to an inventory item that was not purchased to stock or for resale. For instance, office supplies, sales brochures, and shop tools are examples of typical expense items.
Assigning expense codes to items that are not to be resold allows e-automate to accurately reflect how much your inventory is worth, without including how much your overhead (or expenses) costs. You can also create non-stock items with expense codes for handling freight or restocking fees on purchase order invoices and credit memos.
Getting to the TransactionGetting to the Transaction
From the Tools menu, select Lists and Codes to open the Lists and Codes window.
In the Select a list or code type field, use the drop-down menu to select Expense Codes.
Click [New] to open the New Expense Code window.
Basic InformationBasic Information
Complete the following fields as appropriate:
Expense code: Name of the expense code.
Description: Brief description of the expense code.
Expense account: Account where the value of items with this expense code will be tracked.
Department: Department associated with transactions using this expense code.
Completing the TransactionCompleting the Transaction
Click [OK] to save the expense code.
Non-supported ReleaseNon-supported Release
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