albertc30
24th August 2010, 18:53
Hello everybody.
I am new to the forum and thank GOD that there is a forum for tas, such a lovely bit of software.
On my main window, were stats are, like bank accounts and top 5 customers etc... I have got stock $0 even though I have purchased nearly £400 worth of stock.
When I inserted the supplier’s invoice I use code 4000 for stock but still it is not accounted for.
I am using the free version of tas.
Another thing is, I can't seem to change the currency symbol changed to pounds. Currently it is set with $.
Any help appreciated.
Cheers.
Albert, C
David Richards
25th August 2010, 22:28
I am new to the forum and thank GOD that there is a forum for tas, such a lovely bit of software.I'm pleased you like the software!
On my main window, were stats are, like bank accounts and top 5 customers etc... I have got stock $0 even though I have purchased nearly £400 worth of stock.
When I inserted the supplier’s invoice I use code 4000 for stock but still it is not accounted for.The Basics Today dashboard shows some key values to keep you up to date. The stock at hand field is really part of some of our other more comprehensive products (e.g. TASBooks), which include stock records and stock control. We kept the field in Basics purely for compatibility.
It actually looks at the stock asset account (normally 1600) and not your expenses account (4000). In TASBooks, every time you buy stock it updates the stock asset account. And every time you sell stock it journals the cost amount from the stock asset account to a cost of sales expense account. So that way your asset account accurately reflects the value of your stock - whilst the cost of sales account only records the cost of the goods that you have actually sold - i.e. only those that are actually an expense in that accounting period.
In an accounts system that doesn't have stock records or stock control; then when you buy stock, you'll record it against your stock expense analysis code (usually 4000). At the end of your accounting period, you'd do a stock take and transfer the value from the expense code (4000) to the balance sheet code (1600). At the start of the next accounting period, you'd transfer it back. This is a standard bookkeeping trick to make sure that your stock value is shown correctly as an asset at the end of an accounting period (usually annually, although some businesses do this monthly or quarterly). So your stock asset account will only ever show a balance on the final day of an accounting period.
Another thing is, I can't seem to change the currency symbol changed to pounds. Currently it is set with $.That's down to an incorrect Windows setting. If your Windows regional settings are English (UK), the default currency symbol will be £. If it's English (Irealnd) it'll be € and if it's English (United States) it'll be $. Sometimes Windows doesn't update the currency symbol if the regional settings are changed.
If you go to the Windows Control Panel then Regions & Language and make sure your computer is set to English (United Kingdom). If it already is set to UK; in Regions & Language > Formats, click Additional Settings then click Currency and make sure that £ is selected as the currency symbol.