Metal Ledger Entries : Business Computing

Exercise 1: Purchase an Item with Separate Metal and Pay the Vendor with Gold

Create a Purchase Order and choose a vendor
On the lines, choose a metal item with labor (BE1256)
In the eJewelry Metal tab, check the Separate Metal box and on the lines, the direct unit cost will be updated to only the labor cost of the item

4. Post the purchase Order

5. Open the Vendor List and Check the Vendor Metal Balance Factbox and the GOLD balance will be updated

6. Click on the amount on the Gold line and the Metal Ledger Entries will open up.

7. On the lines, there is the new Posted Purchase Invoice

8. The Remaining Weight column shows the amount of Gold to be paid to the Vendor

9. To pay the Vendor:

Search “Metal Journal Line”

10. Choose Account Type as Vendor.

11. Choose Account No. as the Vendor you invoiced

12. Choose Metal Type Code as GOLD

13. Put the Posting Date as today

14. Choose the Document Type as Payment

15. Put a Document No.

16. Put 2.93 in the weight

17. Select G24 in the Receipt/Payment Item No

Post the Metal Journal Line
Go back to Vendors and the Factbox Vendor Metal Balance for Gold will be 0
By Clicking on the 0, the Metal Ledger Entries will open up with the invoice and payment

Exercise 2: Sell an Item with Separate Metal and get payment from the Customer with Gold

Create a Sales Order and choose a customer
On the lines, choose a metal item with labor
In the eJewelry Metal tab, check the Separate Metal box and on the lines, the direct unit cost will be updated to only the labor price of the item