How to Add Tracked Inventory in Xero

[@mark-and-trina]

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[@videcaststudios7219]

Hi, Can tracked inventory be used for assets that you sell for hire. The asset is never sold but hired by a customer's project for a fixed duration at a fixed rate.

[@IdaBagusMahaKrisna]

so if we make the opening balance through bills menu, the amount also noted as account payable, how to solve that? thank you

[@divyamohan-kh5uo]

kudos to your understandable explaination..

[@uh-ohfailscompilations8557]

Say I have a plumbing company. I have 2 brands of toilets that I want to keep at my shop. When I sell a service to replace a toilet I just add the price of the toilet onto the my hourly rate for that specific job. It's more so just convenient to have the toilets on hand rather then driving to supplier non stop. What would I input this onto xero ?

[@essamuhammad6393]

How to setup account for restaurant business in xero online?

[@carolynHARKS]

I’m selling across different platforms (wholesale, website and markets) Is it still possible to use Xero for this?

[@Learned333]

Why is GST tax on the Buy and the Sell? Is that an Australian thing? Normally in the U.S. wouldn't you purchase your inventory tax free providing your EIN number, and only charge sales tax on the sale?

[@RichardCunningham-l2d]

You pay GST on everything you buy in Australia. Then if you don't make money at the end of the year you claim it all back. Farmers love it as they can live off the tax return.

[@RosendaKhalsa-x9k]

Hilpert Pines