Posting supplier invoices to projects in Pastel

[TravisZA]

New pastel user - I can assign customer invoices to project jobs but when I enter in a supplier invoice the project column is uneditable......how do I assign costs to projects?

[Neville Bailey]

Have a look at your settings in Setup...Inventory...Integration/Groups tab - you have more than likely set it up so that Project costs get allocated at the time of sale (Cost of Sales), not at the time of purchase.

The above setting makes sense if you are using the integrated stock system, in which inventory purchases are allocated to the inventory control account (asset account) and not to an expense account, and the expense is only accounted for at the time of sale, as Cost of Sales.

[TravisZA]

Have a look at your settings in Setup...Inventory...Integration/Groups tab - you have more than likely set it up so that Project costs get allocated at the time of sale (Cost of Sales), not at the time of purchase.

The above setting makes sense if you are using the integrated stock system, in which inventory purchases are allocated to the inventory control account (asset account) and not to an expense account, and the expense is only accounted for at the time of sale, as Cost of Sales.

Thanks Neville. Problem solved.

[Sabie]

Have a look at your settings in Setup...Inventory...Integration/Groups tab - you have more than likely set it up so that Project costs get allocated at the time of sale (Cost of Sales), not at the time of purchase.

The above setting makes sense if you are using the integrated stock system, in which inventory purchases are allocated to the inventory control account (asset account) and not to an expense account, and the expense is only accounted for at the time of sale, as Cost of Sales.

When allocating payments in Cashbook Payment to such invoices - Do we also select "Project" on Cashbook Payment?

[Neville Bailey]

When allocating payments in Cashbook Payment to such invoices - Do we also select "Project" on Cashbook Payment?

Not necessary, as you would have already assigned the invoice to a project.