Supplier Invoices

SUGGESTED

How do you create a supplier invoice so that when you load payments to the supplier on the cash book it writes these up to cost of sales?  

  • 0
    SUGGESTED

    Hi Shirl,

    I don't think that will be possible, as the cost of sales is calculated at the time of sale.

    When you integrate inventory into the general ledger, the system maintains an inventory balance sheet account. This reflects the cost value of your inventory.

    The system creates additional general ledger transactions. For example, when you sell an item, the system moves the item's cost value from the inventory account to a cost of sales account

    If inventory is not integrated into the general ledger,  sales transactions update an income statement sales account, and purchase transactions update an income statement purchases account.

    Supplier payments will not affect cost of sales in anyway.

    Let me know if my answer was helpful by clicking on Verify answer.

    Regards,

    Mapule.

  • 0 in reply to Mapule

    Thanks It was not really helpful since It cannot update on a sale if the item is used in manufacturing and we are not using the BOM module which seems to be excessively complex for a small operation.