Buying your own stock

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To buy your own stock as a capital acquisition:

1.Ensure the Asset account for the expense is ticked Expense PO in the GL.

2.Raise a stock adjustment Qty – to lose the stock.

3.Raise an expense order against your company cardfile (Vendor needs to be ticked on the cardfile) for the stock, using the Asset account in Point 1, and Tax Code C.

4.Add a creditors adjustment down against company cardfile vendor for the gross value of the stock (including tax), using Tax Code G and post to the Stock Adjustment account.

5.Apply the credit from the creditor adjustment against the expense order.

 

How to

Add a Document to Stock

Add Groups to Stock

Add Images to Stock

Add Multiple Stock Records

Add Service Stock

Add Vendor Codes

Apply a Credit Card Charge Using Stock

Backfill Stock Sold in Advance

Bulk Update Stock

Buy and Sell in Different Measures

Buying your own stock

Change a Serial Number on a Stock Record

Change Stock GL Group

Create Similar

Generate a Backdated Detailed Stock on Hand Report

Make Stock Inactive

Handle Warranty Stock

Import Vendor Pricing

 

 

Merge Stock Codes

Move Stock from Depleting to Asset

Print Shelf Talkers

Print Stock Reports

Rental Stock

Sell Stock in Advance

Set up Pricing

Stock

Stock Adjustments

Stop Users from Giving Discounts

Synchronise Stock

Track Serial Numbers

Unallocate Stock

Update Stock Prices

Use Stock Select

Use Your Own Inventory

View or Edit Stock

Write off Stock