Difference between revisions of "How do I create an internal account?"

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*Click the {{KeyPress|Stock}} tab.
 
*Click the {{KeyPress|Stock}} tab.
 
*Press {{KeyPress|F5}} - This brings up an Account Pricing Matrix
 
*Press {{KeyPress|F5}} - This brings up an Account Pricing Matrix
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*Cursor down to the Pricing Method and type {{DataValue|C}} for Cost and press {{KeyPress|Enter}}
+
 
−
*Type {{DataValue|F}} to select Fifo and then press {{KeyPress|F2}} and press {{KeyPress|Accept}}
+
;{{DataPrompt|Pricing method:}}
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*Press {{KeyPress|Esc}} to exit the Pricing Matrix screen.
+
:Set this to {{DataValue|C}} for Cost.
 +
 
 +
;{{DataPrompt|Std. Average or Fifo:}}
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:Enter {{DataValue|F}} for {{DataValue|Fifo}}.
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*Press {{KeyPress|Esc}} to exit.
  
 
== See also ==
 
== See also ==

Revision as of 14:48, 9 June 2009

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More Information

Go to "Accounts" -> "Sales Ledger" -> "Customer File Maintenance" -> "Add or Edit Customers", and for "Search on:", type the word 'Internal' and press <F6> to create a new account.

Details

  • Fill out all the relevant contact details for the internal account.

Invoicing

  • Click the <Invoicing> tab.
"Centre Modifier"
Type 'I' and then press <Enter>and then press <Enter> on the warning message that is displayed.
"V.A.T. rate:"
Set to the Exempt Rate set for your system.
"Payment Centre:"
Get the cursor in the Ledger Centre field and press <Ctrl+F1> to bring up a search box, and then type 'internal' and press <Enter>. Select the relevant centre for the internal account in question. If one doesn't exist, contact your Accounts Department and ask that they create one for you.
"Cash Sale:"
Set this 'Yes', Invoices are paid off immediately to the internal account specified in the above step
"Internal:"
Set this to 'Yes' (Transactions to internal accounts are considered "Outside the Scope" for V.A.T. purposes and will not appear on your VAT100 report).

Groups/Analysis

  • Click <Groups/Analysis> tab.
"Group:"
Type 'INT'. Once again, this will aid you for reporting purposes.

Stock

You may wish to charge all Stock sold to this Internal Account at cost, if so:

  • Click the <Stock> tab.
  • Press <F5> - This brings up an Account Pricing Matrix
"Pricing method:"
Set this to 'C' for Cost.
"Std. Average or Fifo:"
Enter 'F' for 'Fifo'.
  • Press <Esc> to exit.

See also


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