Move Stock from Depleting to Asset

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If an asset is accidentally added (ie. a company vehicle) as depleting stock, the following will allows moving it to an asset.

First, move the stock on hand by doing a stock adjustment down.

View the stock adjustment general ledger account to obtain the value.

Journal this value out of COGS and into the asset account by:

Crediting from the COGS stock adjustment.

Debiting the Asset account.

 

Ensure:

the date is correct

the tax code is X

the BAS type is Purchase,

 

and record the reason in the Comment field.

 

depleting to asset

 

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