Problem: How to receive inventories to Off-Balance Account?

Solution: Create Off-Balance Account as shown and create Transaction (GL).


1. To create Off-Balance Account for Inventory, go to Accounting > See also> Chart of Accounts:


2. Add a new GL Account (7.2.1.1. Adding an Account to COA):

For Inventory accounting, choose Type - Debit, Section - BS Inventories.

Parent Group is Off-Balance Sheet Accounts.

Put mark Off-Balance.


3. Create a Transaction GL (7.5.6.1. Creating a General Ledger Transaction. The Main tab):

To receive inventories, add Inventory (OBS) GL Account into Debit.

Put Dimensions, Quantity and Amount as shown.


4. To see this entry in Trial Balance, enable parameter Include Off-Balance Accounts in Quick Settings, and find it in lower part:


Thank you for being a FirstBIT customer!

  • No labels