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Hello, for my secondary occupation, I make purchases of GS1 codes from GS1 Belgium & Luxembourg. GS1 codes are the barcodes I purchase to identify my products. Does anyone have any idea how best to enter them?
Hello, for my secondary occupation, I make purchases of GS1 codes from GS1 Belgium & Luxembourg. GS1 codes are the barcodes I purchase to identify my products. Does anyone have any idea how best to enter them?
That seems to me to be a variable cost? By that I mean: the more trade goods (products) you buy, the more of those barcodes you need?
Is my assessment correct?
If so, those barcodes are part of your trade goods and you can record those purchases under trade goods. It's not a disaster if you record it under general expenses, because I suspect that the cost price will not be that high and the impact of those purchases on your accounts will be limited overall.
But I would estimate that they can be included with your trade goods.
These are relief goods and can best be processed under class 60 trade goods, possibly generating an additional code there; this way, a correct margin can be determined if necessary. Anything related to costs directly related to the sold goods can best be placed under this heading.
Great! Thank you!
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.