I have a limited company selling collectibles, i have quite a large private collection that would help the business greatly, but short on cash within the company to buy the stock from myself. am i able to give the company some inventory and then later be paid in cash at a later day after the company has sold and has the available capital? How would this be done for say 30,000 sek worth of inventory? Would this stock now be VMB correct? as its from a private person? Any help is greatly appreciated!    ... Visa mer

Hi, Im losing mind sifting through the countless questions about inventory and which accounts to use. Hoping someone can clear this up for me or at-least point me in the right direction.  Heres my background, Limited Company, Cash Basis. Buying & Selling collectible items. So far only buying and importing items from outside the EU, As im too scared to tackle the VMB accounting.   Currently im booking all purchases in accounts 4045. My question is Inventory, what is account 1460 'Goods for resale' used for and how? Should i be logging all my purchases i plan on reselling in this account rather than 4045 as they are all goods for resale? Then i make sales how do i book correctly to lower my inventory account?  Any help is greatly appreciated!    ... Visa mer