by COBS Tech Support » Fri Sep 09, 2005 10:21 am
An internal account can be used for this purpose, however you would achieve the same result with a normal debtor (customer) account if you set the discount formula of the account to zero, since all sales will then have zero sell prices.
Since the sale value is zero, the calculated GST should also be zero so there should be no impact on your GST reporting amounts.
BTW, internal accounts don't post debtor values to the GL, however when inventory is still physically adjusted, this may post to the GL. It depends on how inventory posting has been set-up. For example, if you are using the opening/closing stock method, then the value of your inventory posted to your GL is based on your closing stock value from your stock ledger anyway. So this issue in that case is irrelevant.