1 Reply by lewisbassett

(2 replies, posted in Accounts Payable)

Okay - updated question.

This purchase is for some consumables - I do not need to keep an inventory of them.

Is it acceptable for me to just enter a credit entry in the creditors control account for the cost of the stationary, then an opposite debit in the stationary GL account?

Or should I create a general "stationary" items record, with the appropriate GL accounts and use that in the supplier invoice process?

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2 Topic by lewisbassett

(2 replies, posted in Accounts Payable)

I am new to FrontAccouting, and trying am entering the last years accounting data into it and learning how it works.

I have an invoice I paid for stationary. I want to enter it into the system, making sure:

1. The expense is counted against the GL account for stationary costs (i.e., not against cost of goods sold)
2. A purchase is created on 17th Jan 2011 against a creditor account for the supplier
3. The invoice is paid my me on 8th Feb 2011.

How do I do that?

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