-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 I have a customer who is a vendor as well, and I would like to record credit for work that I am doing for them. I'm not sure if I can do this relatively simply with the LSMB 1.3 versions or not, as I see that things have changed fairly significantly since I was last working with this situation in LSMB.
Currently *they* are recording credit for me for when I do work, and they are happy with the situation for this. I would like to also record the credit myself. I have heard of a number of ways of doing this. I want this to be relatively simple, yet also correct accounting practice. I would like to record vendor invoices, so that I can track the prices of the products that I receive from them. Though I'm not sure if it would go into owners drawings or business expenses as I'm not sure if the products they are providing are considered legitimate business expenses (health products). I think they should be considered business expenses, but the government may beg to differ. If the Vendor and Customer can be attached to the same entity, I wonder if anything needs to be done accounting wise? Can I have an open Sales Invoice that has a balance on it, and then Vendor Invoices come in? Or does that not meet proper accounting practices? Wave Accounting Support said to create an account (I can't remember what they called it) for the entity, and charge the Sales Invoice to that account, and pay the Vendor Invoice via that account. Then outstanding balance pay via other standard accounts. This will be an ongoing thing, and not exactly what they had in mind, but this would work also. So, what would be the best approach in LSMB? Jigme Datse Yli-Rasku -----BEGIN PGP SIGNATURE----- Version: GnuPG/MacGPG2 v2.0.18 (Darwin) Comment: GPGTools - http://gpgtools.org Comment: Using GnuPG with Mozilla - http://enigmail.mozdev.org/ iQEcBAEBAgAGBQJPz+dOAAoJEPTTlG5JFW+7rkAIAJcSkdEJ2wbN64JagokJjSYu UUFnBZucxZvzvzRRX9alTKX50aQHanajRmrUg5VuTsN3y6adoRqIlNsqlldiuyXY m1CKbcmTaNHNRJPM0yk5qlLnYQJiZh086ALFV/u0FAx9if9zR+A7maTnhIIir34s JFgcql2HtEIT5uIufvnk4Ms1r3LNr5ENIj9qq01/oMDsGsHMZQjLQ0xK0BY5f7KD RD71G28qjsbgyKSIszKe5l+uoSpRDzI+bmNWTGI8VXZvW/Yzvo4cj/GzvFZXN552 Ntl96omqfKcqNLYxWU3dF4XMyqzYpqFfDO4pLAyGNDSXBUlVX/WKVSXd2kCEX7Q= =Ztj4 -----END PGP SIGNATURE----- ------------------------------------------------------------------------------ Live Security Virtual Conference Exclusive live event will cover all the ways today's security and threat landscape has changed and how IT managers can respond. Discussions will include endpoint security, mobile security and the latest in malware threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/ _______________________________________________ Ledger-smb-users mailing list Ledger-smb-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
