Record the saleOK, you're now ready to sell the goods or services to the employee. Like any normal sale, you're going to: - record an invoice, and
- apply payment to the invoice.
Don't worry that the funds haven't been deducted from the employee's pay yet - that happens next. For now, let's get the sale out of the way. - Create an invoice for the sale.
- For the Customer, select the "Employee Purchases" customer card.
- Enter details of what's being purchased, including the applicable income account and tax code. Check with your accounting advisor if unsure.
Here's our example:
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| Do you report GST on an accruals basis? If so, the GST liability is reported when you record this invoice. |
- Apply a payment against the invoice.
- Select Deposit to Account and choose the "Employee Purchases" asset account created earlier.
- For the Customer, select the "Employee Purchases" customer card.
- Enter the payment amount (or part-payment amount, if applicable) in the Amount field and in the Amount Applied column against the open invoice.
Here's our example which closes the invoice:
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| Do you report GST on a cash basis? If so, the GST liability is reported when you record this payment. |
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