Hi
Nearing the end of the trial period and have found Solar really good to use only issues are the reports - have had to adjust.
Would it be possible to include VAT amounts on reports.
Also I have set up purchase of goods under Expense/Direct costs ( is this correct?) as could not find anywhere else for it. Yet they appear on the T/B under overheads.
Is it possible to have an expense group for purchases?
Thank you
Will be purchasing very soon.
Glad to hear you like Solar Accounts and will be purchasing!
Some reports already show the VAT amount - in which reports do you want to see VAT?
If you purchase goods for resale and have fluctuating inventory levels then we would normally recommend you record purchases as described here:
http://www.solaraccounts.co.uk/help/how-to-track-changes-in-stock-level.php
This will allocate your purchase of goods which are then sold to the Cost of Goods Sold Account. This is account is grouped under 'Direct Costs' and is automatically created when you set up your business. However, you may have deleted it after setting up your business - in that case just create it again.
If you like you can create an Account Group with various sub-accounts for tracking different types of purchases. (Click menu File > New > Account Group) However, my preference would be to keep it simple and just have a single Cost of Goods Sold account grouped under Direct Costs.
The Trial Balance only shows the accounts (not the account groups) so it does not show Overheads as a separate section in the report (ie. all expense accounts are shown together ordered alphabetically).
Regards,
