How to do "trade-in" in Attain

Timofei

Q. I want to record "trade-in". I believe that I should record sale of my old item and record purchase of the new one. That's ok. But now I can't apply customer ledger entry to vendor ledger entry to "close" trade in. What shoul I do?

Thank you,
Timofei.

Timofei

This above question may looks a bit strange to you, but here in Russia the accounting is a bit different, so sometimes it's hard to relate NavAttain business logic to russian accounting standards. I just want to hear from user-view how you record trade-in in Attain in, to say, Britain. Maybe using credit-memo somehow?
Should I ask my humble question in some other more "user-oriented" forum - any advise?

Thank you
Timofei

troberts

If the trade-in isn't a fixed asset, add a line to the purchase order for the new one with a quantity of -1 and the trade-in allowance asthe direct unit cost. As long as the total PO is positive this should do it.

Timofei

troberts wrote:

If the trade-in isn't a fixed asset, add a line to the purchase order for the new one with a quantity of -1 and the trade-in allowance asthe direct unit cost. As long as the total PO is positive this should do it.

I have tried it this way, but got troubles with financial dept. This way you don't have the sale recorded and they have to record a sale under Russian Tax Law in case of trade-in.
So now I have it this way:
1. recording a sale of my item
2. recording a purchase of trade-in item from vendor
3. recording trade-in allowances with sales and purchase credit-memos on the same acount.
Any comments on this?

wpc

Do u have Russian language for Navision 3.7 or 3.6? Who's your supplier in there? Could you please send me contact person email?

Thanks

wpc

oclist

troberts wrote:

If the trade-in isn't a fixed asset, add a line to the purchase order for the new one with a quantity of -1 and the trade-in allowance asthe direct unit cost. As long as the total PO is positive this should do it.

I'm not sure what troberts means by "fixed asset" but I would advise against backing out Type="Item" lines on POs by using negative quantities. When we did this it messed up our costing layers. The entries posted with these types of transactions forced us to have to reset our inventory (i.e. deleting out the item ledger table and posting initial inventories again.).