What to add on invoices for stock sold

[cookie11]

hi,
im just doing my vat for this quarter & have completely forgot what to put in the item box of the invoice.
when purchasing items to sell i just add “general purchases” line then add a description.
im not sure if i am over thinking what i need to do.
do i just put stock down or something similar then add a description.
many thanks.

[QFSteve]

Hello @cookie11

It would depend on what you are purchasing but generally you would record it to a purchase code such as “General Purchases”. The stock code would have a different purpose see here

Below is an overview of the nominal category’s (see purchase section)

Nominal account categories

When adding a new nominal account you may wish to consider which category to place the account under based on the following guide: Profit and Loss Categories Sales If the account will be for a type of sale you are making to your customers use this category. These accounts will be available when entering a sales invoice. Purchases Use this category for items that will be purchased and resold in your business or used to render services to your clients. Such items can include building material…