How to do cash purchase without selecting vendor as playable? Where only Cash –> credit and Item —> debit.
I’m curious why you would want to do this.
I don’t believe you can use a journal entry to add items into inventory. If you are not maintaining inventory, you can simply use a journal entry for cash & purchase expense. If you are maintaining inventory, you’ll also need to create a Material Receipt, which will also require the vendor, so why not embrace the process and add the vendor to your purchase invoice.
Hi @Ashwad and welcome to the community
We also work on cash basis (in reality the accounts department only finds out something is due when a bill suddenly shows up as “to be paid” and credit period is already over - very “fluid/dynamic” systems)
Try this: -
In the Purchase Invoice under Details tab click “Is Paid”
Put the details (and bank/cash accounts) in the payments tab
This will create a debit and immediete credit in the vendor payables a/c so the effect it nil
There is no way to bypass the payables a/c. I have tried already
Hope it helps
Hi @Ashwad
The best option is to set Periodic Inventory Mechanism in company doctype.
This will enable you to book your cash paid purchase invoices with update stock check on resulting item (stock) debit and payable credit which you can knock off at the same time by declaring as paid due to cash basis.
hope it will help you get a solution.