[Question] Pastel Inventory Journal

[RianaGreeff]

Hi everyone

I am working on Pastel 14 and needed to process a journal for inventory that the owner took for his personal use.

I did an inventory journal (not a general journal), in order to adjust the specific inventory item accordingly. But when doing this journal, it didn't take any VAT into consideration. I cannot do a general journal for just the VAT amount to rectify this, as you cannot post into the VAT control account.

Is there any way I can fix this in order to process the VAT for the specific transaction?

Thank you
Riana

[Neville Bailey]

In hindsight, instead of processing an inventory journal, I would have processed a Tax Invoice to sell the inventory to the owner.

This would have accounted for the inventory movement as well as the VAT.

If you want, you could process a customer journal, crediting the owner's customer account and debiting the owner's loan account, if the owner is not planning to pay for the inventory in the short-term.