I have one store and all inventory put in system
But I use multiple companies name
ABC company
Xyz company
How can I manage ?
If product 1 out in ABC company in 1 invoice
New invoice 2 products 1 out in xyz company
Yes, inventory location should be able to be allocated at line item level. It could be a hide/reveal line field.
At present the workflow is to record both items for ABC company location and then do an Inventory transfer to transfer 1 of the items to xyz company location
No I asked abt company not location
How to check profit loss statement in ABC company and XYz company
Are both companies in the same Manager database (file)?
It sounds like you’re using one warehouse but for two separate front-facing businesses.
Are the business names cosmetic only, for customers? Or do you actually report to the tax authority as two separate businesses as well?
yes its one ware house and two different company names
because of tax …
how can i manage ?
It will be helpful if you explain more fully the structure of your business(es).
From what you have written so far you are using the ABC company to purchase inventory, and some of that inventory is used by xyz company.
I think that if they are two distinct companies that report separately for tax purposes then all the accounting should be done separately, including inventory purchases.
Without knowing the structure in more detail it is difficult to advise a solution for you.
I am under the same impression as @AJD and agree.
If these are two separate entities for tax purposes, you should create them as two separate businesses in Manager. This also means that any inventory/stock purchases should be separate for each one.
Then you won’t have any issues reporting Profit & Loss, as the built-in reports will do everything you need.
I have a shop and inventory is also on same location.
Issue is that same shop is holding two different names. So if we deliver a product it is getting delivered by two different names.
Because places where we deliver products they are tax exemption .
So now if product is out from any company it is getting minus because its going from stor
You may be better off speaking to an accountant that understands your local tax requirements. They can advise you further.
This is sounding more and more like one company with two divisions or profit centers operating under different names. @AJD originally posted the solution to this, but deleted the post when discussion pointed towards two different companies.
@hussainiii, if your two operations are actually part of the same legal entity, but operating under different names, tracking codes are the perfect solution. That is what they were designed for. See Use divisions for the Profit and Loss Statement | Manager. You will be able to define profit and loss statements for each tracking code separately.
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Yeah, we now have a bit more information, and it appears that splitting the inventory is only required at the point of selling the inventory so Tracking codes can be applied then.
Tracking codes can’t be used when purchasing the inventory, that is why I deleted the post to get more information as I did not want to confuse.
If it was required to have separate values for each company’s inventory on the balance sheet then different advise would be needed. It now appears that this is not the requirement.
@hussainiii
Try This,
Three Locations
01-Main Store
02-Tax-Store
03-Non-Tax Store
Always received the goods in Main Store.
When you make Sales Tax Invoice first transfer goods from Location 01 to Location 02, then generate Invoice,
When you make Non-Sales Tax Invoice first transfer goods from Location 01 to Location 03 then generate Invoice,
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Ok thanks Salman
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