Buy your own stock

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.

Further information

Add Stock

Add Service Stock

Add a Document to Stock

Add Groups to Stock

Add Images to Stock

Add Multiple Stock Records

Add Vendor Codes

Backfill Stock Sold in Advance

Buy and Sell in Different Measures

Change a Serial Number on a Stock Record

Change Stock GL Group

Create a Stock List

Create Similar

Deactivate a Stock Code

Deactivate Stock in Bulk

Export a Stock Report to Spreadsheet

Generate Backdated Stock on Hand Report

Handle Warranty Stock

Import Vendor Pricing

Make Donations of Stock

Merge Stock Codes/Supersede

Move Stock from Depleting to Asset

Print Shelf Talkers

Print Stock Reports

Sell Stock in Advance

Set up Pricing

Stop Users From Giving Discounts

Track Serial Numbers

Unallocate Stock

Update Existing Stock Pricing

Update Existing Vendor Pricing

Update Lead Time on Vendor Tab

Update Stock Procurement Data

Update Stock Records

Use Stock Select

Use Your Own Inventory

View or Edit Stock

Write off Stock

Use Gift Card for Purchases