Move Stock from Depleting to Asset

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

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

Buy your own stock

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

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