Hi CornucopiaApoth , no AI involved in this answer! Create a cash sale invoice for the sale of the items, equal value to the amount deposited, and then receive payment for it.
Add a new contact called cash sale first.
Hi Mike
Had a good read of the documents that you linked. I have set up Perpetual Inventory as per the document's outline. All of my inventory items are properly assigned to the correct linked accounts.
The documentation only covers inventory level updates for supplier bills and customer invoices, which are already working perfectly.
I can't find any information about what to do for cash sales on either the bank feed line items or even the undeposited funds cash sales entries.
So, my guess is that I continue to allocate the appropriate income account to the cash sales line entries as per my screen shot then manually make an inventory adjustment. Wish it could be automatic but this appears to be the only work around. Even ChatGPT doesn't have a better answer! LOL
Cheers
Jason
Hi CornucopiaApoth , no AI involved in this answer! Create a cash sale invoice for the sale of the items, equal value to the amount deposited, and then receive payment for it.
Add a new contact called cash sale first.
That's a great idea, Mike. It took a human to think of that!!
Plus it's an easy way to analyse and drill down on cash sales if they are invoiced, I suspect.
I'll give that a go now. Will leave this topic open for a bit in case I have another question.
cheers
Jason
Hi Mike
That strategy worked a treat for both the bank feed cash deposits and the undeposited funds account.
Appreciate your help. Have a great day.
Jason
Hi CornucopiaApoth,
Thank you for reaching out. We're delighted to see that your recent inquiry has been successfully addressed by one of our partners. This not only resolves your concern but also serves as valuable information for other users. We will now be closing this thread as resolved. Should you have any more questions or need assistance in the future, please don't hesitate to start a new post.
We want to express our gratitude to Mike_James for the prompt response and assistance in providing a solution. Your support is greatly appreciated. Thank you!
Cheers,
Princess
