karl11
Joined 17 years ago
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Casual hacker.
View on Hacker NewsJoined 17 years ago
An example: you make something that uses 5 inputs. I have inventory and cost of goods sold accounts for each of those inputs, but my invoices out to customers only reference the final product. This is where ERPs add insanely complex inventory management solutions. However, the simple way to deal with it instead is to use a manual journal to reconcile your inventory and cost of goods sold accounts monthly or however often you like.
Also, can’t just look at salary - employees cost a lot more than their salary. 10% employer tax, health care, other ancillary benefits, IT equipment / space, etc. A $150k salary probably costs the company $250k all in.