What Is Inventory Accounting?

The accounting inventory refers to the quantity and amount of the balance of the goods reflected on the detailed account of the goods in the accounting department of the wholesale enterprise.

Accounting inventory

Right!

The accounting inventory refers to the quantity and amount of the balance of the goods reflected on the detailed account of the goods in the accounting department of the wholesale enterprise.

Chinese name

Accounting inventory

Types of

accounting

Affiliation

enterprise

Purpose

Comprehensively grasp the use of commodity funds

In commercial wholesale enterprises, in order to fully grasp the use of commodity funds, understand the dynamics of inventory goods, and correctly calculate and carry forward the cost of goods sold, a detailed account of inventory goods needs to be set up. The inventory ledger generally has both quantity and amount, and it reflects the purchase, sales, and inventory of the inventory goods from the quantity and amount. The accounting department reflects the increase or decrease of the inventory goods according to the time of purchase and sale of the goods, and its book balance reflects the quantity and

The relation and difference between accounting inventory and adjustable inventory and storage inventory

During the operation of a wholesale enterprise, its business department, warehousing department, and accounting department all need to know the quantity of goods in stock, but the requirements of each department are different. Those controlled by the business department are called "adjustable inventory"; those controlled by the warehousing department. It is called "keeping inventory"; if it is controlled by the accounting department, it is called "accounting inventory". According to the adjustable inventory, the business department can keep track of the quantity of goods available for transfer at any time in order to allocate bills and organize purchases. The warehousing department can keep track of the quantity of goods in stock at any time according to the custody of the inventory, so as to do a good job of custody and receiving and dispatching. According to the accounting inventory, the accounting department can understand the occupation of commodity funds in order to strengthen fund management. The increase of the three types of inventory is based on the inspection of the commodity inventory. However, the decrease of the three types of inventory is based on the billing and allocation of the business department, the warehouse department is based on the goods delivery and storage, and the accounting department is based on the sales of goods. Time. Because it usually takes a certain amount of time from billing to delivery through the warehouse to settlement of the payment, the three types of inventory are usually larger than the accounting inventory, and the inventory is more adjustable. The connection of the three types of inventory can systematically reflect the overall dynamics and evolution of the inventory products of wholesale enterprises in the purchase and sale process. In the detailed classification calculation, in order to reduce the workload, it is generally not necessary to set up three sets of inventory commodity inventory books, and the business department and the accounting department share a set of accounts, which is called "two accounts in one", and the storage department sets up a separate account. . Some small-scale wholesale enterprises also implement three offices: business, warehouse, and accounting. They use a set of accounts, which is called "three accounts in one."