Record a purchase of raw materials for manufacturing

Purchases of assets such as raw materials to be used for manufacturing are recorded in the Purchase Transactions Component.

Select the component, either by clicking on the Purchase Transactions icon, or by choosing Payments > Purchase Transactions from the main menu.

There are five fields which MUST be completed for the transaction itself to be considered complete by the software: Tax Date, From Account, To Account, Total Amount, and VAT Code (provided you are Tax registered, note that the text here will vary depending on your tax regime). There are further fields which can be filled in to embellish the transaction with extra information, such as Supplier, Reference.

Next, click the Create a new transaction button in the top toolbar. This adds a new transaction line to the table.

Enter the date in the Tax Date field. As you start typing, a pop-up calendar will appear. You can either click on the required date, or type it in manually. The software will recognise most date dividers, such as full stops, slashes, etc.

One of the default accounts is called Raw Materials if you answered Yes to the manufacturing question in the company setup wizard. The From account will be the account being used to pay for the materials (eg. Bank, Cash, Credit Card or Bills Unpaid if it is being bought on credit). The To account will be Raw Materials.

If the Raw Materials account is not present, go to the Chart of Accounts component and add to the Current Assets Group.