I did post this 9 days ago and someone very kindly responded but i had to go away unexpectedly and have only just returned to find the topic closed - and I still don’t understand!
I have been marking stock for my bar as ‘stock’ but I understand that this needs to be marked as
‘general purchase’ so it doesn’t show as an asset, it’s been sold after all.
I think i’m correct in saying that I need to use a journal to bulk transfer these to the correct category.
I tried to do it, and it says it was a sucess but when I look at my reports, the amount still shows up in 'stock; and none of the figures have changed accordingly - what am I doing wrong?
here is a screen grab
If someone could explain how to do it in reall simple step by step terms that would be an amazing help.
Inactive posts automatically get closed after a set length of time, the system does all this in the background.
Which report are you looking at? I can see the date on that journal is 10/04/2014 however are you querying the report inclusive of that particular date?
I’m looking at the chart of accounts section and under assets & liabilities. Even if i include the date i did the journal it still shows under stock - presumably I’m doing something wrong?
Maybe there is a different way to achieve a solution?
Basically I have been tagging bar stock (which I sell so no longer have) as ‘Stock’. Apparently this should be ‘General Purchase’ so it shows as an expense in my end of year accounts. I just want a simple way to untag the ‘stock’ and re-tag as ‘general purchase’. Is there a simple way to do this without doing each entry manually?
