S TOCK, S UPPLIERS AND THEIR RELATIONSHIP TO F IXED A SSETS

Overview Stock usage – when it is an asset, when it is not. Flow of the purchasing system, and how Fixed Assets is involved.

Understanding the Products Module

Products Physical items Used internally, or sold Services Items not physically counted Phone, electricity, computer support, classes Fixed Assets Physical items Items used internally, that are not consumables

W ATCH HOW A FIXED ASSETS IS TREATED

Create the invoice using a sundry line

Here are the resulting postings to the GL

Create the asset in Fixed Assets

Process this asset in Fixed Assets, and then post to the GL

Understanding the Suppliers Module

Local Suppliers They are in your country You trade regularly with them Foreign Suppliers They are not in your country Usually you trade in a different currency Once only Suppliers You do not expect to have more than one transaction with them