Creating a Stock Supplier

Before you create a stock supplier you need to have created a stock supplier group to link to. The stock supplier group is created with stock withdrawal and this ensures your supplier invoice is processed correctly, initially booking the stock to the stock account in the Balance sheet and then as the stock is sold taking it out of stock and booking it into the cost of sales account within your Profit and loss account.

How to create stock supplier groups

Once you have created your supplier group you can create your supplier:-

• Click on the menu option New product order/receipt/invoice
  
  
• Click on in the centre section of your screen
  
  
• Enter your supplier details, selecting a product group with stock withdrawal
  
  
• Select VAT zone, and select a VAT code to reflect what rate of VAT you will be charged by the supplier
  
  

This short video takes you through creating a supplier