On Monday 27 November 2006 6:32 pm, Ashley J Gittins wrote:
> On Tuesday 28 November 2006 01:38, R Pennington wrote:
> > On Friday 24 November 2006 9:34 am, Nefnifi, Kasem wrote:
> > > i think an invoice with 100% discount is the solution for that. also if u
> > > use something internally for yoursel. regards
> > > kasem,
> >
> > Thank you for your advice Kasem !
> > I'll have to to re-read the manual section about discounts
>
> Hi Roy, I suspect you were on the right path with the invoice then pay from
> donations account. If you discount the item 100% then you will not be able to
> pay the invoice from the donations account and you will lose the ability to
> show your charitable donations in your balance sheet / income statement etc.
>
> Your accountant might be the best one to start answering the question - find
> out what the end result needs to be (eg: a GL account showing donations to
> charity as an expense account), and then find a way to do that in SL while
> keeping stock etc correct. I suspect your first idea was probably the best
> approach but others might have better ideas.
>
Thanks Ashley !
You are correct, after looking at Kasem's idea, I think my original one is the simplest way
to handle COGS, inventory and the donations expense and it works without having to do GL entries.
We have a charity donations account already but have never donated product.
Got a call in to the accountant.
IIt would be nice to have the ability to restrict the payment accounts available based on login ID.
Time to send feature request.
Best Regards,
Roy
|
