Hi,
By recording an amount to Inventory-sales (in Journal entries), it ends up in Suspence.
By testing other accounts, these are allocated properly. Therefore I assume I’m not doing anything wrong. Or am I?
Actually it wasn’t possible to use built-in income / expense accounts in journal entries at all. Never versions are fixing this issue but it appears it still doesn’t work quite right. I’m going to check.
Fixed in the latest version (21.3.61)
@rox, why are you making a journal entry affecting Inventory - sales at all? This is the account to which sales of inventory items are posted. If I translate your Dutch correctly, it looks like you are trying to (temporarily?) undo a sale without addressing quantities involved.
What are you trying to accomplish?
@Tut I think there is no need for justification. On the basis, that inventory items already allow custom income accounts which always worked in journal entries so there shouldn’t be restriction from using built-in income account.
Thanks @lubos ,
Actually Inventory-expenses worked fine. And that’s also a build-in
@lubos, I understand the bug and the reason for the fix. It was the nature of the transaction itself that seemed strange to me. I wanted to be sure @Rox was actually going to achieve the desired result once the journal entry went through.
@Tut, I overlooked your post.
Nothing special. I was trying to understand what happens if I did that, instead of another account. Did it only correct the inventory-sales or also increase/decrease the inventory profit margin somehow.
I do not know, @Rox. I have never had any reason to make such a journal entry. I also do not know exactly how figures on the Inventory Profit Margin report are calculated, if that is what you are referring to. Try it and see. You can undo it in the History file afterwards.
Manually adjusting income in Inventory - sales account will not affect inventory profit margin report.
This is because Manager calculates profit margin on every single transaction where you sell inventory item so profit margin can be calculated per inventory item and the figure is clickable so there is a ledger to explain how much each inventory item sale has contributed.
But manually adjusting balance of income account is not going to have any impact inventory profit margin report because that is not inventory transaction from Manager point of view.