I operate in Ontario, Canada. This is as much an accounting question as one about the software. Having trouble figuring out how to make a workflow that will track the inventory properly, while keeping the sales receipts and supplier payment in sequence and in appropriate accounts.
Inventory is all received on account from a single supplier. It is sold retail and then I pay the supplier a wholesale price. Payment to the supplier is by Interac e-transfer. I haven’t used a cheque in years for anything.
The value of the items on any one purchase order is in excess of the payments due upon sales each week, and the sales of items do not align with a purchase order’s contents.
All sales are over the counter and recorded in a cash register. I have itemized sales records at the end of each day (Z report). Customers are not tracked individually. There are no warranty or other reasons to do so. Customer payments are received in cash or by Interac debit card in equal proportions.