Blue Flute Software- 'In a NutShell' Newsletter

         *-----------Quote of the Month-------------*
          "Time is more valuable than money. You can
           get more money, but you cannot get more
           time." -Jim Rohn
         *------------------------------------------*

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In my Business, how do I…
Account for buying product at different discounts?
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When you purchase product, you enter a Purchase Order
in NutShell by clicking the BUY button. As you add items to
the order, NutShell will automatically calculate your
totals and figure your discount based on your career level.
So, you don't have to worry about the discount, unless you
need to override it with a special offer from BC.

If the discount on your order is different than your
standard discount, enter it in the Retail A discount percent
field in the upper right corner of the Buy screen. If you
get a special discount only on certain items (new products,
for example), enter the special discount on the actual
product line, in the discount column.

As far as your taxes go, you will need to know the number
of dollars you spent on product and there is no significance
to how much discount you got - how much you spent is all that
matters. NutShell keeps track of what you spend based on
the info in each purchase order and logs it in the Income
and Expense Log. The information found in the Income and
Expense Log is what you will use to fill in the blanks on
your tax form.

However, at times it is helpful to know, in a broad sense,
what the value of your inventory is. Or how much a sale
costs you in product. You can tell NutShell how much
discount you usually get, and it will use that figure to
give you an estimate of the value of your inventory, as
well as an estimate of your cost on any invoice. You can
find the estimated cost of an invoice at the bottom of the
totals section on the invoice screen where it says 'Total
Cost'. By default, NutShell will estimate the value of your
inventory at 50%. If you most often buy product at 50%,
this will work fine for you. If you usually buy at 30 or
40%, you will want to adjust your NutShell program
accordingly. You can do this on the Setup screen. Click on
the System tab on the main screen to find the Setup Button.
In the field that says 'Retail A%', change the amount from
50 to your desired amount.

Remember that for your taxes, the number of dollars
you spend on product is what matters. This information is
tracked to the penny in NutShell via purchase orders and
the Income and Expense Log. The estimated cost is for
informational purposes and will have no affect on your
taxes.

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NutShell Tips –
What to do Before and After you hold a Spa
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Before you hold a Spa

Blue FluteSoftware Creations, Inc.