Difference between revisions of "Deferred profit for unit sales"
From Catalyst
Katy Kitchen (talk | contribs) (Created page with "{{PreRelease}} {{Incomplete}} == Summary == When selling units in advance of them actually being received into your stock you may wish to defer the sale. This will enable you...") |
Katy Kitchen (talk | contribs) |
||
| Line 11: | Line 11: | ||
* Select {{Menu|{{VS}}|Module Settings}} | * Select {{Menu|{{VS}}|Module Settings}} | ||
* Scroll down the screen to {{DataPrompt|Deferred profit}} | * Scroll down the screen to {{DataPrompt|Deferred profit}} | ||
| + | * Select {{DataPrompt|Record deferred profit}} and click {{Button|Edit}}. | ||
| + | ** Select {{DataValue|Yes}} and click {{Button|Done}}. | ||
| + | * Select {{DataPrompt|Customer prepayments centre}} and click {{Button|Edit}}. | ||
| + | ** Enter a suitable Balance Sheet centre in which the nett sale will be held until the unit is booked into stock. | ||
| + | ** You may press | ||
Revision as of 19:55, 20 May 2021
 |
This article or section applies to a Platinum feature currently being developed. Be aware: Content may change. |
 |
This article or section is under development. Be aware: Content will change as the document progresses. |
Summary
When selling units in advance of them actually being received into your stock you may wish to defer the sale. This will enable you to incur the costs of the item in the same financial period as the sale is included on your Profit & Loss report.
This is a method that suits items which are invoiced well in advance e.g. Combine Harvesters and other large farm machinery.
More Information
Go to " Reports & Settings Maintenance Options System Administrator Module Settings"
- Select " Unit Sales Module Settings"
- Scroll down the screen to "Deferred profit"
- Select "Record deferred profit" and click [Edit].
- Select 'Yes' and click [Done].
- Select "Customer prepayments centre" and click [Edit].
- Enter a suitable Balance Sheet centre in which the nett sale will be held until the unit is booked into stock.
- You may press
