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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.
Further information
Stock Security
Consignment Stock
Consignment Stock for Customers
Kitting v Packaging v Manufacturing
Kitting
Packaging
Promotional Pricing
Stock Adjustments
Stock Attributes
Stock Flow
Stock List
Create a Stock List
Stock Preview Pane
Stock Pricing
Order of Pricing
Stock Procurement
Stock Reports
Stock Transfers
Stocktake
Tabs in the Footer
Tabs in the Header
Warehouse Management
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
Buying your own stock
Change a Serial Number on a Stock Record
Change Stock GL Group
Create Similar
Deactivate a Stock Code
Deactivate Stock in Bulk
Donations of Stock
Export a Stock Report to Spreadsheet
Generate Backdated Stock on Hand Report
Handle Warranty Stock
Import Vendor Pricing
Merge Stock Codes/Supersede
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
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