Moving stock between company files

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mrob
mrob Member Posts: 1 ✭
in Accounts Hosted

Hi all

1st-time poster :-)

I have 2 company files, both have the same ABN, but the physical warehouses are in different states.

in file 1 I have goods worth $2000, I need to transfer/adjust these into file 2 . I would usually adjust from file 1 at the cost ($2k) and adjust into file 2 ($2k) ... but this will show a stock loss of $2k in file 1 ... I am sure this can be adjusted at 1/24 end or year-end ...but I would like to find a way for it to reflect straight away so that it does not affect my P&L


hope this makes sense, i was hoping there is a transfer section hidden.


cheers

Martin

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi Martin

    Unfortunately not.

    Is it actually 2 separate businesses or the one business just with 2 locations ? If the latter, I would just be using the one company file with Classes to track this as it all needs to be reported together for BAS/EOFY 😬

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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