It is apparent that many transactions require associated tranfers through general transactions.
EG Stock - you recommend that stock purchases be allocated to the cost of goods sold account. The amount can then be immediately transferred to an inventory account by way of a separate transaction.
Suggestion,
Where such or similar transactions occur the purchase screen could not only include a cell for which account to attribute the payment to, but also a consequential transfer cell, to manage the subsequent transfer in one hit.
Hi Bill,
I'm afraid I cannot see the need for an extra field. For example, say you receive a cheque from a customer which you bank on the same day. You can record this as a Money Received transaction deposited into the 'Money To Be Banked' account followed by a General Transaction from this account to the Cheque Account. Or you can skip the Money To Be Banked account and set the Deposit Into Account field in the Money Received window to 'Cheque Account'.
Regarding stock purchases, usually you would record the stock purchases several times during the month - each time allocating to the Cost of Goods Sold account. Only at the end of the month would you record a transfer between this account and the Inventory asset account. Also note that the amount of this transfer depends on the net change in the stock level, not on the total purchases. This 'adjustment for changes in stock' transaction is therefore not directly tied to the purchase of stock.
Regards,
