Reconditioning Item Codes

Any Item that can appear within a Reconditioning Purchase requires the I Recondition this Item ticked.  Complete the following information regarding the Item Code's use within a Reconditioning transaction.

Recon Inventory Account - select the account to which the item will be applied while the stock item to which it is attached is still in stock.  Generally this should be the default Reconditioning stock Asset account and will appear on the Balance Sheet.

Recon Cost of Sales A/c - select the account to which the item's value will be transferred when the stock item to which it is attached is still in stock.  This should be a Cost of Sale account and will appear on the Profit & Loss report.

Cost Price (note if I Buy this Item is ticked, this field will not appear on the Reconditioning tab, but will be seen instead on the Buy tab) - optionally enter the usual price for this item.  Note that the individual price can be overridden within the purchase even if a price is entered.

If this item is usually displayed on the vendors invoice as an Inc Tax amount then tick the Tax Inclusive box.

Select the usual Buy Tax Code that applies to this item.

Complete any other tabs displayed and then Process.