{"id":4557,"date":"2013-09-18T06:19:48","date_gmt":"2013-09-18T04:19:48","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=4557"},"modified":"2013-09-15T06:20:25","modified_gmt":"2013-09-15T04:20:25","slug":"what-is-inventory","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/what-is-inventory\/","title":{"rendered":"What is inventory?"},"content":{"rendered":"<p>Your inventory is an amount of goods and \/ or materials you own in your business. An item of inventory is a physical, tradable and \/ or usable item. The general purpose of an inventory item and obviously inventory total is\u00a0<b>always<\/b>\u00a0to make business.<\/p>\n<p>Items of inventory are such that you use for either production, sales (that is you\u2019re selling those items) or for your own use in running your business. The latter is something that\u2019s rather not common, but happens nonetheless.\u00a0<!--more--><\/p>\n<p>Now production used materials are such that you can obviously also sell as they are, but you\u2019d normally use them to generate something, an end product sort of say. Sellable goods are those that you buy from a supplier, a whole seller for an example and sell them forward to end customers (or, if applicable, to another seller).<\/p>\n<p>Generally speaking items for your own use are those that you\u2019d also sell for your customers, but every now and then you also need them for yourself and as such, you take them from your stock rather then going out and buying from someone else. They\u2019re not something you intentionally keep for your own use because then they\u2019d be directly debited into expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your inventory is an amount of goods and \/ or materials you own in your business. An item of inventory is a physical, tradable and \/ or usable item. The general purpose of an inventory item and obviously inventory total is\u00a0always\u00a0to make business. Items of inventory are such that you use for either production, sales [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,31],"tags":[],"class_list":["post-4557","post","type-post","status-publish","format-standard","hentry","category-1-basic-accounting","category-1-3-inventory"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=4557"}],"version-history":[{"count":1,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4557\/revisions"}],"predecessor-version":[{"id":4558,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4557\/revisions\/4558"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=4557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=4557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=4557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}