Originally Posted by
Kevin Smith
If you aren't using Pastel to track stock at all (ie kept in POS system), you can bring in sales and purchases journals directly to the relevant GL Sales and COS accounts. Create a "Cash Sales" debtor - raise the sales with VAT against that, and your banking / credit card receipts will also go against the 1 debtor. Create your suppliers and bring in 1 line item to COS Purchases GL account - payments will be made to individual suppliers. You will have to do a regular stock take to get a closing stock figure, to get an accurate Cost of Sales figure at month end.
If you are tracking stock in Pastel, you will need to create the items, bring them in on supplier invoice / GRN, then get a 'Day End" report of all items sold from the POS. You will then create 1 invoice a day to the same "Cash Sales" debtor, and raise the total quantity and selling price for all items sold that day, to keep stock in balance.
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