Categorising Supplier Bills

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Experienced User KatieJ2
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Categorising Supplier Bills

Hi there,

 

We receive the bills from our suppliers and then we charge our clients- sometimes there is a margin of profit.

 

How should we categories these bills as it's not a direct cost to the company, these could be services, software etc.

 

I imagine for a physical product we need to use the inventory for this? however is there way around this as they after often one-off purchases. 

 

Many thanks,

Katie

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MYOB Moderator Neil_M
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Re: Categorising Supplier Bills

Hi @KatieJ2 

 

I would be chatting to your accounting advisor over how best to categorise those bills within your software. They will be able to advise you, from an accounting perspective how to treat those transactions

Regards,
Neil

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Experienced User KatieJ2
21 Posts
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Re: Categorising Supplier Bills

Thank you.

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