Step 1: I have created 1 supplier and 1 inventory item. Step 2: I created 1 “Purchase Invoice” and I chose the ITEM [image] Step 3: I want to pay that invoice [image] Step 4: I can’t change the Account (I want to specify where these expeses are going to - so later I will see the NET PROFIT ca…

[image] Paul_Smith1: I want to specify where these expenses are going to This was done by the purchase invoice. The purchase invoice debited Inventory on hand and credited Accounts payable for the supplier’s subaccount. A purchase of inventory is not an expense. It is an investment in an asse…

Purchase invoices

sharpdrivetek November 8, 2017, 1:41pm 2

Suppliers are linked to Accounts payable and Customers are linked to Accounts receivable accounts.
Unless you post payments to these accounts you cannot maintain their balances.

have you checked the reports section for various reports based on customer or inventory items?
read the topic below.

1 Like

Topic		Replies	Views
Purchase invoice not connected to account payable	10	1431	January 18, 2023
Recording purchase invoice	18	1617	January 18, 2023
Accounts Payable or Expenses	21	6400	January 18, 2023
Purchase invoice, Accounts payable and Supplier credits	7	1280	January 18, 2023
Enter Payment for Purchase Invoice	2	1407	January 18, 2023

Purchase invoices

Related topics