Purchases for customers and how to enter this

[bhcs_gnucash at nym.hush.com]

Many thanks for taking the time to answer. I have a better 
understanding of things for sure. My template of accounts for my 
business is now complete and ready to use. Let the mistakes begin.

Ken

On Mon, 03 Dec 2012 15:06:36 +0000 "Derek Atkins" <warlord at MIT.EDU> 
wrote:
>Hi,
>
>bhcs_gnucash at nym.hush.com writes:
>
>> Hi all,
>>
>> thank you for your replies to this (and Kash for the link). All 
>> appreciated. I feel I have a better understanding of things now, 

>
>> and I am getting gnucash set up to suit my needs.
>>
>> I have got the Chargeback to Customer to tie in with that 
>> customers' next Invoice. I am open to correction, but I don't 
>think 
>> gnucash is set to keep track of inventory (i.e. I was hoping to 
>use 
>> gnucash to link purchases made as Stock until it is sold to the 
>> customer). So I think, for my needs, I will just do this 
>manually 
>> (an extra transaction to deal with Stock - once it is sold to 
>> customer, I will transfer it from an asset to an expense). The 
>idea 
>> being that at any given moment, I could run a report that 
>indicated 
>> how much stock I had, how much I purchased for the year to date, 

>
>> and how much has been sold on to customers.
>
>You are correct, GnuCash does not have Inventory support.
>
>> One thing I am unclear about from the gnucash Tutorials and 
>> Concepts guide.
>>
>> In relation to a new Vendor Invoice, it states:
>>
>> "Invoiced? - X means the item is attached to this invoice, an 
>empty 
>> box means the item is not attached to this invoice. If the box 
>is 
>> empty you can attach the item to the invoice by first selecting 
>the 
>> item row and then clicking in this box."
>>
>> I am a little unclear about this. What exactly does this field 
>do? 
>
>It's really only necessary for Chargeback items on a Customer 
>Invoice.
>Everywhere else it is irrelevant and can (and should) be ignored.
>
>> If I purchase items from a vendor, I presume it is part of the 
>> invoice by default, do I have to manually click this box every 
>> time?
>
>No.  It'll be added automatically.
>
>> Also, in practice, this field is always empty and non-editable 
>when 
>> I create a new Invoice. Is this the case for everyone else?
>
>Yes, it should only be editable for chargeback items.
>
>> Maybe someone could clear this up for me.
>>
>> Thanks again for the help so far. I am very close to a set-up 
>that 
>> will make things very quick and painless when doing "the books" 
>for 
>> my small business.
>>
>> Regards,
>> Ken
>
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>
>-derek
>
>-- 
>       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>       Member, MIT Student Information Processing Board  (SIPB)
>       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>       warlord at MIT.EDU                        PGP key available