Slide 1

Slide notes: In this example, we are preparing to sell CPO directly, without it being a Stock Item.

Slide 2

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Slide 7

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Slide 8

Slide notes: On the Direct Item, we list the Sale Price per unit, and also the Cost Price, which is based on our Standard Cost for a tonne of CPO for the month.

Slide 9

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Slide 10

Slide notes: We specifically state the Sales account to use, and also the Cost of Sales. In the case of Direct selling, the Cost of Sales will be credited to effectively reduce some current asset account when the Credit is added to the Debit on the Current Asset account, for example current CPO Stock Value.

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Slide 12

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Slide 17

Slide notes: After processing the Invoice, and drilling the detail, we can see the effect of this type of CPO Sale in the accounts. The Sales account value is effectively being reduced by the credit to the Cost of Sales account used for the sale.

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