Saasu uses the Perpetual Inventory system like most popular accounting software systems.
Inventory methodologies have tax implications so before proceeding you will need a clear understanding from your advisors as to what method is best for you. The following table will give you some examples of what check boxes to use when setting up Inventory Items.
Retailers
| Purpose | Ticked |
|---|---|
| Purchase stock with item invoices without tracking stock levels. Used to buy widgets (physical) and services (non-physical). |
I Buy This Item |
| Sell stock with item invoices without tracking stock levels. Used to sell widgets (physical) and services (non-physical). |
I Sell This Item |
Time Billing
| Purpose | Ticked |
|---|---|
| When charging hourly rates but not treating it as inventory. | I Sell This Item |
Subscriptions, Memberships, Recurring Services
| Purpose | Ticked |
|---|---|
| When charging for a subscription or; rate for monthly services or; recurring services such as monthly cleaning or monthly web hosting. |
I Sell This Item |
Manufacturers/Assemblers
| Purpose | Ticked |
|---|---|
| When building combo items not yet complete and available for sale. | I Inventory This Item |
| Buy raw materials and build Combo items from them. | I Inventory This Item I Buy This Item |
| Buy assembled or manufactured goods and sell them as is or after building them into Combo Items. | I Inventory This Item I Buy This Item I Sell This Item |
