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KBAlertz.com: Error message when you try to save an invoice in Small Business Accounting 2006, in Accounting Express 2007, or in Accounting Professional 2007: Invalid posting to Inventory Assets without specifying an item

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Microsoft Knowledge Base Article

This article contents is Microsoft Copyrighted material.
©2005-©2007 Microsoft Corporation. All rights reserved. Terms of Use | Trademarks




Article ID: 942005 - Last Review: September 7, 2007 - Revision: 1.0

Error message when you try to save an invoice in Small Business Accounting 2006, in Accounting Express 2007, or in Accounting Professional 2007: "Invalid posting to Inventory Assets without specifying an item"

SYMPTOMS

When you try save an invoice in Microsoft Office Small Business Accounting 2006, in Microsoft Office Accounting Express 2007, or in Microsoft Office Accounting Professional 2007, you receive the following error message:
Invalid posting to Inventory Assets without specifying an item.

CAUSE

This problem occurs because the incorrect account is listed as the "Cost of Goods Sold" (COGS) account for an item. Specifically, this problem occurs because an inventory assets account is listed as the COGS account for an item that appears in the Products and services pane in the invoice.

RESOLUTION

To resolve this problem, open the item, and then select a COGS account in the COGS account field. To do this, follow these steps:
  1. On the Customers menu, point to Customer Lists, and then click Items.
  2. Locate the item in the list, and then double-click the item.
  3. In the COGS account field, select a COGS account.
  4. Click Save and Close.

APPLIES TO
  • Microsoft Office Accounting Professional 2007
  • Microsoft Office Accounting Express 2007
  • Microsoft Office Small Business Accounting 2006
Keywords: 
kberrmsg kbtshoot kbprb kbmbsmigrate kbexpertiseinter kbexpertisebeginner KB942005
       

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