Production

You can enter a production under Warehouse -> Production. Before doing so, ensure that the necessary items have been created (Warehouse -> Items) and that the correct warehouse is assigned (Warehouse -> Warehouses). The cost of the finished product is based on the cost of the components (raw materials) used […]

Formulas

If a company is engaged in production, formulas can be used to simplify the entry of production. A formula defines the composition of a specific finished product, specifying the raw materials (components) to be used and their quantities. Each formula is linked to one specific finished product – it is […]

Recording VAT paid on imports

When entering the purchase invoice for imported goods, use the VAT type 0% Import on the expense line. Customs broker services are often used when preparing the import customs declaration and paying VAT. The broker issues an invoice covering VAT and customs charges. Instructions for recording the customs broker’s invoice […]

Modifications in the fixed asset card

On the fixed asset card, you can, if necessary, change the depreciation rate, record an , or increase the value of the asset based on improvements made to it (using purchase invoices). According to Estonian financial accounting rules, it is not allowed to increase the value of an asset through […]

Turnover statement

Accounting -> Turnover statement The turnover statement provides an overview of account movements during the selected period. From – start of the period (by default, the beginning of the financial year) To – end of the period (by default, today’s date) Refresh – to update the data Filters – displayed […]

Transferring a stock item between warehouses

Warehouse -> Documents -> New document -> Inventory movement  Inventory movement between warehouses is used when: the company has a main warehouse where purchased goods are received and one or more additional warehouses at separate locations goods are delivered for resale under consignment terms (guide in Estonian) Adding a new […]

Movement of stock

Warehouse -> Movements Stock movements report data fields Period of movements – the period for which stock movements are displayed Warehouse filter – displays movements for the selected warehouse. If not selected, all active warehouses are shown Item filter – if an item is selected, the report shows its movements […]

Daybook

Accounting -> Daybook The daybook records the company’s transactions in chronologically by day. Each transaction includes the transaction date, a description, the debit and credit accounts, and the transaction amounts. Daybook data fields From – start of the period To – end of the period (by default, the report is […]