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Thread: Pastel from scratch

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    Question Pastel from scratch

    Hi everyone,

    I am in need of assistance with regards to the following.

    I am a recent B.com management accounting graduate and I am working for this start-up manufacturing company (Cold asphalt) and the company has just recently purchased Pastel Software.
    I did pastel partner V14 training last year and got the certificate, but I fear that I may not be well equiped to start the set of books from scratch with 100% precision.

    My worries lie especially with:

    1. Opening balances (Bank account) - How do I enter opening balance?. Our financial year started on the 1st of March 2016.

    2. Customer and suppliers accounts. - According to what I learned in training, opening a customer account is as easy as just going to "Edit, Customers, accounts..." But when I follow this process, guided by my study material from last year, A message saying I must create a customer "Main account" pops-up. What type of account should this be (Accounts receivable)? And what about Cash customers?... I have already created 3 three customer categories. My concern is this customers main account.

    3. Bill of material - We use three different direct materials. I have all the measurements required for one mix that yields thirteen 25kg bags of finished product. Additionally, I have to include the cost of plastic wrap (used to wrap a pallet of 40 bags), cost of that pallet, transport costs to collect material, and other overheads. I am not sure how to go about doing this. The bill of material was not included in my training package.

    4.Open item or balance forward - Which is the best to use.

    5. I do not want to make mistakes when it comes to taxes. I need to know which are the important areas to tick/untick when it comes to tax. We are registered VAT vendors.

    I would appreciate any assistance with these issues from anyone. Thanks in advance.

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    Full Member Jane123's Avatar
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    Hi there. Not sure if I can answer everything 100% but here's my 2 cents.... Take a look at the pastel help function- has a great step-by-step for loading opening balances. When opening a new company, easiest to select generic set of GL accounts. This will eliminate your problem with not having a "main account". You then simply enter the opening balances as a journal (i.e. capture the last trial if there is one- journal will balance out). Put customer & suppliers to a 9000 take on account and then do relevant customer & supplier journals for their take on balances. With regards to open Item versus balance brought forward, I think it depends hugely on what sort of debtor control and clients you have- if a lot of cash accounts I would definitely use open item so it's easier to reconcile. Have a look at the pastel website as well- if you log in to the customer zone there are hundreds of tutorials (google search them as well). Good luck!

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    Red face

    Thank you very much for your efforts to help me. I'll surely put your input to good use.

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