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Thread: Posting supplier invoices to projects in Pastel

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    Posting supplier invoices to projects in Pastel

    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?

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    Diamond Member Neville Bailey's Avatar
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    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.
    Neville Bailey - Sage Pastel Accounting Consultant
    www.accountingsoftwaresupport.co.za
    neville@accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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    Quote Originally Posted by Neville Bailey View Post
    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.

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    Quote Originally Posted by Neville Bailey View Post
    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?

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    Diamond Member Neville Bailey's Avatar
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    Quote Originally Posted by Sabie View Post
    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.
    Neville Bailey - Sage Pastel Accounting Consultant
    www.accountingsoftwaresupport.co.za
    neville@accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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