We’re moving from QuickBooks because of MTD. QB has more sophisticated inventory control than QuickFile, but we probably don’t need that much.
Our income is mostly lecture fees and sale of a text book. The text book is the only item we stock.
Supposing that, in setting up QuickFile, I have a value of £1,000 for stock, representing the cost price of 200 books @ £5 each. The cover price is £30, and some are sold at this price, but most go to a distributor @ 50% discount.
Can I set up the invoice to
a. deduct the unit cost price of £5 from ‘stock’ and
b. apply the rest to sales (income) while
c. hiding the cost price from the customer?
If not, can you suggest another way to handle this?
Unfortunately QuickFile does not handle inventory or stock control.
Can I set up the invoice to
a. deduct the unit cost price of £5 from ‘stock’ and
b. apply the rest to sales (income) while
c. hiding the cost price from the customer?
a - It would not do this
b - Value on an item line will be posted to the specified sales nominal code
c - This can be done by editing the CSS on the invoice( link below)
I found a similar post on the forum regarding this.
We do integrate with Zappier if you decide to use another piece of software for stock control you could look if the two are compatible
e.g. post invoice in QuickFile (trigger) -Zappier would update stock in 3rd party software(action)
More information on Zappier can be found below.