Continuing the discussion from Requests for Taxes:
You enter your purchases when you actually do the purchase, not when you are selling to customer. To enter purchase, there are two approaches.
- Cash purchases are to be entered as simple “Payment” transactions under “Bank Accounts” or “Cash Accounts” tabs. (you will need “Bank Accounts” / “Cash Accounts” plugin)
- Credit purchases are entered as “Purchase Invoices” from supplier under “Purchase Invoices” tab. (you will need to enable “Purchase Invoices & Suppliers” plugin)