Hi everyone. Just started work with Xero and need a suitable way to solve the following..
Stock is received but can't be added to xero until the supplier invoice arrives.
Customer needs the items before supplier invoice can be entered on Xero and so system doesn't recognise that stock is available. Sales invoice can't be raised.
Currently client is using delivery note as supplier invoice as a work around but I am not sure this is acceptable.
Once the invoice has been rec'd the entry on Xero is adjusted but I believe they cannot amend the del note no to the invoice no.
How would this affect the reports or vat return?
Does anyone know a better way for this to be handled.
I was wondering whether we could use a dummy stock code until full invoice is rec'd?
Have you done this on a phone Maggie as its come out in one big block paragraph?
Don't you just love it when customers choose software that isn't fit for their needs. Zero smeero provides for stock but doesn't provide for purchase order intakes of stock!
I wouldn't be using the fake invoice route. Be interesting how that will work for MTD purposes (albeit a while off!!). Can't say for vat, not enough info. But it's not a good workaround!
Cant see how a dummy stock code would work- wouldn't this just give you the same issues as the original stock code?
I would suggest the usual trial, with backups, but.......well I think we all know that ain't happening with this software....unless they have changed it.
xero states you need to get additional app ....more expense.
-- Edited by Cheshire on Tuesday 4th of April 2017 08:51:55 AM
-- Edited by Cheshire on Tuesday 4th of April 2017 08:54:09 AM
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
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Hi
Yes I was on my phone.
I am wary about the vat aspect too.
Currently they use the delivery note so that the stock shows and they can raise a sales invoice straight away.
They keep a log of these and then amend when the Vat invoice comes in.
I guess they don't submit vat returns until it's all correct.
I will probably see more how it's done next week and then have a think.
Thanks for the heads up on MTD. One to ask the accountant on 24th.
Hope you are well.
Maggie
