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Old 11-10-2007, 01:59 PM
Moe Moe is offline
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Join Date: Nov 2007
Posts: 4
Inventory system

It is my understanding that Quick books uses the Perpetual inventory system but I was also told that you can use the periodic system but all items should be setup as non-inventory items.

Can someone explain to me the difference and which is better? How the P&L and the balance sheet would differ?

Thanks
Moe
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