Re: More invoices

[Dieter S. <dsi...@sq...>]

In your preference screen there is a section with default accounts. When
you add parts or services from a vendor invoice, the very same accounts
are used. If your default account for sales happen to be a "Hardware Sales
Account" and you do not edit the part, then when you sell the item, income
is recorded in "Hardware Sales".

The proper way is to establish an inventory with goods and services. You
do this by adding parts and services. This lets you setup the proper links
for income, expense and taxes. This step does not add to physical
inventory, it only establishes the inventory with descriptions and links.

The inventory is *stocked up* by creating vendor invoices or in the case
of assemblies by stocking the assembly. When you make a purchase, parts
are added (the quantity in inventory is increased), expenses and income
are posted, but only if the part has already been sold, taxes are
recorded.

When you stock assemblies, the individual items are taken out of stock
(the quantity is reduced) and the quantity for the assemblies is
increased. When you sell an assembly income is recorded, expenses for
individual items are recorded, the inventory level is reduced and taxes
are posted to the appropriate accounts.

All this is available online, most of it in the screenshots page. It's a
condensed version but nonetheless a starting point to look for clues
how things work.


Dieter Simader    http://www.sql-ledger.org   (780) 472-8161
DWS Systems Inc.     Accounting Software       Fax: 478-5281
=========== On a clear disk you can seek forever ===========

On Sun, 16 Sep 2001, Gordon Haverland wrote:

> 
> Maybe I am misunderstanding something.  If I purchase a service
> from someone else, and resell it at a (nominally) constant
> markup; is that a service or is it a part?  I thought that parts
> had to be physical matter, and not something virtual.  When I
> set up some accounts to for me to buy and resell these services,
> I must have done something wrong since when I looked at the
> chart of accounts all the money from the invoices were going
> in the "wrong" places (most of the income ended up in hardware
> sales, and I hadn't made any hardware sales).
> 
> So, I am starting to read code and see if I can figure out from
> that where I should be adding stuff (accounts, services, parts,
> etc.) as what I have read of the documentation isn't helping enough
> in my case.
> 
> Gord
> 
>