Example of financial entries for an assembled item

When determining the value of the stock, only the articles for which stock is tracked are considered. For non-tracked articles, the settlement price is only an indication used for the determination of the settlement price of the assembled item. With the use of costs and work types in an assembled item, the cost price is used for the determination of the settlement price of the assembled item. Entries for these items do not result in financial stock entries. Financial stock entries are only created for items for which the stock is tracked.

Create an assembled item

To create an assembled item:

1. Go to: Order Management / Item / Assembled item.
2. Create a new assembled item. The assembled item type is Explosion:

   

3. Add the parts.

   For the parts of this explosion the following applies:

   • 3102 is a stock article with a settlement price of € 680.

     

   • 6000 is not a stock article. However, a settlement price of € 70 is entered.

     

   • D0Z01 is not a stock article. A settlement price of € 1 is entered.
4. Go to the tab: Extra.
5. Select the Purchase contact.
6. Click on: Finish.
7. Open the properties of the assembled item.
8. Click on the action:Price composition.
9. Go to the tab: Settlement price.
10. Click on: New.
11. Enter a settlement price:

    

12. Click on: Finish.

    Note:

    No stock is held for an explosion assembled item. Thus, in this example financial entries will only come about as a result of the purchase and sale of article 3102.

Purchase parts

We are now going to create a purchase order for the parts of the assembled item. An explosion article itself cannot be purchased.

Purchase the parts:

1. Go to:Order Management / Purchase process / Purchase order.
2. Create a new purchase order:

   

3. Click on: Finish.
4. Create a goods receipt from the purchase order.
5. Create a purchase invoice from the goods receipt.

Sell an assembled item

Two assembled items are sold for € 850 each.

Sell an assembled item:

1. Go to: Order Management / Sales process / Sales order.
2. Create a new sales order:

   

3. Click on: Finish.
4. The Assembled item lines sub-window is now opened:

   

5. Click on: Finish. (three times)
6. Create a packing slip from the order.
7. Create an invoice from the packing slip.

Journalise

After the purchase and sales invoices have been created, we are going to transfer the financial entries to Financial.

Journalise:

1. Go to:Order Management / Management / Journalise.
2. Select the journals that you want to journalise.
3. Click on: Next.
4. Select the sales invoices that you want to journalise.
5. Click on: Next.
6. Select the purchase invoices that you want to journalise.
7. Enter an entry date for the invoices.
8. Click on: Finish.

Financial entries report

We are now going to check if journal entries have only been made for article 3102. This article belongs to article group 300. The following ledger accounts are linked to this group.

Financial entries report:

1. Go to: Financial / Output / Report.
2. Open the report: Stock entry check journal entry (Profit).
3. The following journal entries have been generated:

   For the purchase of 10 articles for € 680 each:

   

   For the sale of 2 articles for € 745 each (sales price):